The comparative balance sheets for 2013 and 2012 and the statement of income for 2013 are given below for Wright Company. Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheets December 31, 2013 and 2012 ($ in 000s) 2013 2012 Assets Cash $ 116 $ 95 Accounts receivable 136 140 Short-term investment 47 14 Inventory 137 135 Land 102 125 Buildings and equipment 695 530 Less: Accumulated depreciation (193) (140) $ 1,040 $ 899 Liabilities Accounts payable $ 40 $ 48 Salaries payable 2 6 Interest payable 8 5 Income tax payable 5 10 Notes payable 0 33 Bonds payable 296 230 Shareholders' Equity Common stock 390 330 Paid-in capitalexcess of par 187 165 Retained earnings 112 72 $ 1,040 $ 899 WRIGHT COMPANY Income Statement For Year Ended December 31, 2013 ($ in 000s) Revenues Sales revenue $ 580 Expenses Cost of goods sold $ 260 Salaries expense 59 Depreciation expense 53 Interest expense 16 Loss on sale of land 5 Income tax expense 87 480 Net income $ 100 Additional information from the accounting records: a. Land that originally cost $23,000 was sold for $18,000. b. The common stock of Microsoft Corporation was purchased for $33,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $165,000 cash. d. A $33,000 note was paid at maturity on January 1. e. On January 1, 2013, bonds were sold at their $66,000 face value. f. Common stock ($60,000 par) was sold for $82,000. 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, 2013. Present cash flows from operating activities by the direct method. (You may omit the schedule to reconcile net income with cash flows from operating activities.)(Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)