Hi$,$ there are similar questions on chegg but for some reason my math is not adding up with this question, Can you please help me$?$ Thanks!! The comparative balance sheets for $2024$ and $2023$ and the statement of income for $2024$ are given below for Wright Company. Additional information from Wright's accounting records is provided also.

WRIGHT COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in thousands$)$

$20242023$

Assets

Cash $ $130$ $ $120$

Accounts receivable $163165$

Short$-$term investment $6224$

Inventory $162160$

Land $122150$

Buildings and equipment $770580$

Less: Accumulated depreciation $(223)(165)$

$ $1,1861,034$

Liabilities

Accounts payable $ $50$ $ $53$

Salaries payable $46$

Interest payable $85$

Income tax payable $915$

Notes payable $038$

Bonds payable $356280$

Shareholders$$ Equity

Common stock $445380$

Paid$-$in capital$$excess of par $217190$

Retained earnings $9767$

$ $1,186$ $ $1,034$

WRIGHT COMPANY

Income Statement

For Year Ended December $31,2024$

$($$ in thousands$)$

Revenues:

Sales revenue $ $660$

Expenses:

Cost of goods sold $ $310$

Salaries expense $94$

Depreciation expense $58$

Interest expense $10$

Loss on sale of land $3$

Income tax expense $95570$

Net income $ $90$

Additional information from the accounting records:

Land that originally cost $$28,000$ was sold for $$25,000.$

The common stock of Microsoft Corporation was purchased for $$38,000$ as a short$-$term investment not classified as a cash equivalent.

New equipment was purchased for $$190,000$ cash.

A $$38,000$ note was paid at maturity on January $1.$

On January $1,2024,$ bonds were sold at their $$76,000$ face value.

Common stock $($$$65,000$ par$)$ was sold for $$92,000.$

Net income was $$90,000$ and cash dividends of $$60,000$ were paid to shareholders.

Required:

Prepare the statement of cash flows of Wright Company for the year ended December $31,2024.$ Present cash flows from operating activities by the direct method.