The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Wright Company. Additional information from Wrights accounting records is provided also.

WRIGHT COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
	2018				2017
Assets
Cash	$	42			$	30
Accounts receivable		73				75
Short-term investment		40				15
Inventory		75				70
Land		50				60
Buildings and equipment		550				400
Less: Accumulated depreciation		(115	)			(75	)
	$	715				575
Liabilities
Accounts payable	$	28			$	35
Salaries payable		2				5
Interest payable		5				3
Income tax payable		9				12
Notes payable		0				30
Bonds payable		160				100
Shareholders Equity
Common stock		250				200
Paid-in capitalexcess of par		126				100
Retained earnings		135				90
	$	715			$	575

WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)
Revenues:
Sales revenue				$	380
Expenses:
Cost of goods sold	$	130
Salaries expense		45
Depreciation expense		40
Interest expense		12
Loss on sale of land		3
Income tax expense		70			300
Net income				$	80

Additional information from the accounting records:

1. Land that originally cost $10,000 was sold for $7,000.
2. The common stock of Microsoft Corporation was purchased for $25,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $150,000 cash.
4. A $30,000 note was paid at maturity on January 1.
5. On January 1, 2018, bonds were sold at their $60,000 face value.
6. Common stock ($50,000 par) was sold for $76,000.
7. Net income was $80,000 and cash dividends of $35,000 were paid to shareholders.

Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (