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 $ 149 $125 Accounts receivable. Short-term investment Inventory Land Buildings and equipment 167 170 64 25 168 165 126 155 785 590 Less: Accumulated depreciation (229) (170) $1,230 1,060 Liabilities Accounts payable Salaries payable $ 50 $ 54 3 4 Interest payable 6 4 Income tax payable 10 Notes payable e 39 Bonds payable 368 290 Shareholders' Equity Common stock 460 390 Paid-in capital-excess of part 219 195 Retained earnings 119 74 $1,230 $1,060 WRIGHT COMPANY Income Statement For Year Ended December 31, 2021 Revenues: Sales revenue Expenses: (5 in thousands) $ 680 Cost of goods sold, $320 Salaries expense 90 Depreciation expense 59 Interest expense 11 Loss on sale of land 3 Income tax expense 97 580 Net income $ 100 Additional information from the accounting records