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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. Additional information from the accounting records: a. Land that originally cost $22,000 was sold for $16,000. b. The common stock of Microsoft Corporation was purchased for $32,000 as a short-term investment not classifled as a cash equivalent. c. New equipment was purchased for $160,000cash. d. A $32,000 note was paid at maturity on January 1. e. On January 1,2021 , bonds were sold at their $64,000 face value. t. Common stock ( $55,000 par) was sold for $80,000. 9. Net income was $100,000 and cash dividends of $60,000 were paid to sharehoiders. 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 (s in thousands) Cash flows from operating activities: Cash inflows: Cash outhows: Cash flows from investing activities: Cash flows from financing activities: 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 outlows: To employees To suppliers of goods For income taxes For interest Net cash flows from operating activities. \$ 109 Cash flows from investing activities: - Purchase of equipment Purchase of short-term investment Sale of bonds payable Net cash flows from investing activities Cash flows from financing activities: \begin{tabular}{|l|r|r|} \hline Sale of common stock & & 76 \\ \hline Payment of dividends & (35) & \\ \hline Sale of bonds payable & 60 & \\ \hline Repayment of notes payable & (30) & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from financing activities & & 71 \\ \hline Net increase (decrease) in cash & & 12 \\ \hline Cash balance, January 1 & 30 \\ \hline Cash balance, December 31 & $2 \\ \hline \end{tabular}