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	$127	$115
Accounts receivable	157	160
Short-term investment	59	22
Inventory	159	155
Land	118	145
Buildings and equipment	755	570
Less: Accumulated depreciation	(217)	(160)
Total Assets	$1,158	$1,007
Liabilities
Accounts payable	48	52
Salaries payable	4	8
Interest payable	8	6
Income tax payable	9	14
Notes payable	0	37
Bonds payable	344	270
Shareholders' Equity
Common stock	430	370
Paid-in capitalexcess of par	215	185
Retained earnings	100	65
Total Liabilities and SHE	$1,158	$1,007
WRIGHT COMPANY
Income Statement
For Year Ended December 31, 2013
($ in 000s)
Revenues
Sales revenue		660
Expenses
Cost of goods sold	300
Salaries expense	92
Depreciation expense	57
Interest expense	20
Loss on sale of land	3
Income tax expense	98	570
Net income		90
Additional information from the accounting records:
a.	Land that originally cost $27,000 was sold for $24,000.
b.	The common stock of Microsoft Corporation was purchased for $37,000 as a short-term investment not classified as a cash equivalent.
c.	New equipment was purchased for $185,000 cash.
d.	A $37,000 note was paid at maturity on January 1.
e.	On January 1, 2013, bonds were sold at their $74,000 face value.
f.	Common stock ($60,000 par) was sold for $90,000.
g.	Net income was $90,000 and cash dividends of $55,000 were paid to shareholders.

Prepare a complete statement of cash flows of Wright Company for the year ended December 31, 2013.
In the operating section, present cash flows from operating activities by the direct method.