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 Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash Accounts receivable Short-term investment Inventory Land Buildings and equipment $ 83 $ 55 100 18 95 85 450 98 42 70 570 (145 (100 703 Less: Accumulated depreciation $ 817 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable ShareholdersEquity Common stock Paid-in capital-excess of par Retained earnings $31 40 14 198 150 250 125 310 150 108 $ 817 703 WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 (sin 000s) Revenues: Sales revenue $ 420 Expenses: Cost of goods sold Salaries expense Depreciation expense Interest expense Loss on sale of land Income tax expense 180 49 45 14 4 58 350 Net income $ 70