The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Wright Company. Additional information from Wright's accounting records is provided also.

WRIGHT COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
	2016		2015
Assets
Cash	$	84	$	50
Accounts receivable		91		95
Short-term investment		39		16
Inventory		96		90
Land		66		80
Buildings and equipment		555		440
Less: Accumulated depreciation		(139)		(95)
	$	792	$	676
Liabilities
Accounts payable	$	31	$	39
Salaries payable		2		6
Interest payable		5		4
Income tax payable		8		13
Notes payable		0		23
Bonds payable		186		140
Shareholders' Equity
Common stock		295		240
Paid-in capitalexcess of par		149		120
Retained earnings		116		91
	$	792	$	676

WRIGHT COMPANY Income Statement For Year Ended December 31, 2016 ($ in 000s)
Revenues:
Sales revenue			$	400
Expenses:
Cost of goods sold	$	170
Salaries expense		43
Depreciation expense		44
Interest expense		13
Loss on sale of land		4
Income tax expense		56		330
Net income			$	70

Additional information from the accounting records:
a.	Land that originally cost $14,000 was sold for $10,000.
b.	The common stock of Microsoft Corporation was purchased for $23,000 as a short-term investment not classified as a cash equivalent.
c.	New equipment was purchased for $115,000 cash.
d.	A $23,000 note was paid at maturity on January 1.
e.	On January 1, 2016, bonds were sold at their $46,000 face value.
f.	Common stock ($55,000 par) was sold for $84,000.
g.	Net income was $70,000 and cash dividends of $45,000 were paid to shareholders.

Required:

Prepare the statement of cash flows of Wright Company for the year ended December 31, 2016. Present cash flows from operating activities by the direct method.