The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Wright Company. Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheets December 31, 2016 and 2015 (S in 000s) 2016 2015 Assets Cash Accounts receivable Short-term investment Inventory Land Buildings and equipment $ 72 $ 35 80 30 10 75 54 65 510 410 (121) (80) 79 79 Less: Accumulated depreciation $ 703 $595 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Shareholders' Equity Common stock Paid-in capital excess of par Retained earnings $ 27 $ 36 4 6 10 0 20 150 110 250 210 145 105 116 96 $ 703 $ 595 WRIGHT COMPANY Income Statement For Year Ended December 31, 2016 (S in 000s) Revenues Sales revenue $350 Expenses: Cost of goods sold Salaries expense 5140 53