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given below for Wright Company. The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are 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 $ 103 Cash 75 116 120 Accounts receivable Short-term investment 55 26 Inventory 118 115 Land 86 105 Buildings and equipment Less: Accumulated depreciation 630 490 (169) (120) $939 811 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Shareholders Equity 35 44 6 6 12 28 246 190 Common stock 330 290 Paid-in capital-excess of par Retained earnings 173 145 135 90 $ 811 $ 939 WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s) Revenues: Sales revenue $520 Expenses Cost of goods sold Salaries expense $ 220 73 Depreciation expense Interest expense Loss on sale of land 4C 18 4 66 430 Income tax expense S 90 Net income Additional information from the accounting records a. Land that originally cost $19,000 was sold for $15,000. b. The common stock of Microsoft Corporation was purchased for $29,000 as a short-term investment not classified as a cash equivalent c. New equipment was purchased for $140,000 cash d. A $28,000 note was paid at maturity on January 1 e. On January 1, 2018, bonds were sold at their $56,000 face value f. Common stock ($40,000 par) was sold for $68,000 g. Net income was $90,000 and cash dividends of $45,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be Indicated with a minus slgn. Enter your answers in thousands (I.e., 5,000 should be entered as 5).) WRIGHT COMPANY Statement of Cash Flows For year ended December 31, 2018 (S in 000s) Cash flows from operating activities: Cash inflows: From customers Cash outflows: To suppliers of goods To employees For interest For income taxes Net cash flows from operating activities Cash flows from investing activities: Sale of land Purchase of short-term investment Purchase of equipment Net cash flows fram investing activities Cash flows from financing activities: Repayment of notes payable Sale of bonds payable Sale of common stock Payment of cash dividends Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 $