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 $ 130 $ 120 Accounts receivable 163 165 Short-term investment 62 24 Inventory 162 160 Land 122 150 Buildings and equipment 770 580 Less: Accumulated depreciation (223) (165) $ 1,186 $ 1,034 Liabilities Accounts payable $ 50 $ 53 Salaries payable 4 6 Interest payable 8 5 Income tax payable 9 15 Notes payable 0 38 Bonds payable 356 280 Shareholders' Equity Common stock 445 380 Paid-in capitalexcess of par 217 190 Retained earnings 97 67 $ 1,186 $ 1,034 WRIGHT COMPANY Income Statement For Year Ended December 31, 2016 ($ in 000s) 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 95 570 Net income $ 90 Additional information from the accounting records: a. Land that originally cost $28,000 was sold for $25,000. b. The common stock of Microsoft Corporation was purchased for $38,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $190,000 cash. d. A $38,000 note was paid at maturity on January 1. e. On January 1, 2016, bonds were sold at their $76,000 face value. f. Common stock ($65,000 par) was sold for $92,000. g. 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, 2016. 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., 5,000 should be entered as 5).)