a. Land that originally cost $30,000 was sold for $26,000. b. The common stock of Microsoft Corporation was purchased for $40,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $200,000 cash. d. A $40,000 note was paid at maturity on January 1. e. On January 1, 2021, bonds were sold at their $80,000 face value. f. Common stock ($75,000 par) was sold for $96,000. g. Net income was $100,000 and cash dividends of $60,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).) WRIGHT COMPANY Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: From customers Cash outflows: To suppliers of goods To employees For income taxes For interest $ 0 Net cash flows from operating activities. Cash flows from investing activities: Purchase of short-term investment Purchase of equipment Sale of land 0 Net cash flows from investing activities Cash flows from financing activities: Sale of bonds payable Sale of common stock Payment of dividends Repayment of notes payable 0 Net cash flows from financing activities Net increase (decrease) in cash Cash balance, January 1 Cash balance, December 31 $ 0