Problem 21-2 Statement of cash flows; direct method [LO21-3, 21-8] The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Wright Company. Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheets December 31, 2016 and 2015 S in 000s) 2016 2015 Assets Cash Accounts receivable Short-term investment Inventory Land Buildings and equipment $96 $ 80 122 125 58 28 124 120 90 110 645 500 (175)(125) $ 960 $838 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Shareholders Equity Common stock $ 37 45 13 29 258 200 Paid-in capital excess of par Retained earnings 345 300 170 150 91 131 s 960 $ 838 WRIGHT COMPANY Income Statement For Year Ended December 31, 2016 (S in 000s) Revenues: Sales revenue