The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Wright Company. Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheet:s December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash Accounts receivable Short-term investment Inventory $109 110 52 115 $ 70 24 110 100 480 Buildings and e qu1 pment 615 Less: Accumulated depreciation (163) (115) $920 784 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Shar ehol ders' Equi ty Common stock Paid-in capital-excess of par Retained earnings $ 43 27 180 234 355 161 280 140 11550 $ 784 $920 WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s) Revenues Sales revenue $460 Expenses Cost of goods sold Salies expense Depreciati on expense Interest expensie Loss on sale of land Income tax expense $210 67 48 17 64 410 Net income