Part IV: Pre statement of cash flow (20 points) pare The comparative balance sheets for 2017 and 2016 and the statement ofincome for 2017 also for Wright Company. Additional information from wright's accounting records is provided are given below WRIGHT COMPANY Comparative Balance Sheets December 31, 2016 and 2017 ($in 000s 109 Cash Accounts receivable 115 24 Short-term investments 115 110 Inventory Land 100 615 480 Buildings and equipment 063 (15) Less: accumulated depreciation Total assets 5920 3784 Liabilities: 33 43 Accounts payable 6 Salaries payable 3 Interest payable 11 Income tax payable 0 Notes payable 234 180 Bonds payable Shareholders Common stock 355 280 Paid-in capital excess of par 161 140 Retained earnings 115 90 Total liabilities and equity S920 S784 WRIGHT COMPANY Income statement For the year ended December 31, 2017 (in 000s) Revenues Sales revenue $460 Cost of goods sold 210 expense Depreciation expense Interest expense Loss on sale of 4 Income tax expense 64 410