The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Whight Company. Additional informotion from Wright's accounting records is provided also, Additional information from the accounting recordi a. Land that originally cost $30,000 was sold for $26,000 b. The common stock of Microsaft Corporation was purchased for 510,000 as a shortterm investment not classified as a cash equivalent c. New equipmem was purchased for $200,000cash e. On January 1,2018 , bonds were sold at thei s80,000 toce value. Common stock $75,000 pan was sold for $96000. 9 Net income wos $100,000 and cosh dividends of $60,000 were paid to shureholders. Required octiviles by the diect enethod. Ampunts to be deducted should be indicated with a minos sign. Enter your answers in theusande (Le. 5,000 should be entered as 5H )