The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Wright Company. Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash 95 $85 Accounts receivable 126 130 Short-term investment 61 30 Inventory 130 125 Land 94 115 Buildings and equipment 665 510 Less: Accumulated depreciation (181) (130) $ 990 865 Liabilities Accounts payable 37 $ 46 Salaries payable 5 7 Interest payable 6 5 Income tax payable 8 14 Notes payable 0 31 Bonds payable 272 210 Shareholders' Equity Common stock 360 310 Paid-in capital-excess of part Retained earnings 180 155 122 87 $ 990 $ 865 WRIGHT COMPANY Income Statement For Year Ended December 31, 2021 Revenues: (4 in thousands); Sales revenue Expenses: $550 Cost of goods sold $240 Salaries expense 50 Depreciation expense 51 Interest expense 20 Loss on sale of land 5. Income tax expense 94 460 Net incone $ 90