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

WRIGHT COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s)
	2018				2017
Assets
Cash	$	109			$	70
Accounts receivable		110				115
Short-term investment		52				24
Inventory		115				110
Land		82				100
Buildings and equipment		615				480
Less: Accumulated depreciation		(163	)			(115	)
	$	920				784
Liabilities
Accounts payable	$	35			$	43
Salaries payable		6				8
Interest payable		7				5
Income tax payable		7				11
Notes payable		0				27
Bonds payable		234				180
Shareholders Equity
Common stock		355				280
Paid-in capitalexcess of par		161				140
Retained earnings		115				90
	$	920			$	784

WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)
Revenues:
Sales revenue				$	460
Expenses:
Cost of goods sold	$	210
Salaries expense		67
Depreciation expense		48
Interest expense		17
Loss on sale of land		4
Income tax expense		64			410
Net income				$	50

Additional information from the accounting records:

1. Land that originally cost $18,000 was sold for $14,000.
2. The common stock of Microsoft Corporation was purchased for $28,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $135,000 cash.
4. A $27,000 note was paid at maturity on January 1.
5. On January 1, 2018, bonds were sold at their $54,000 face value.
6. Common stock ($75,000 par) was sold for $96,000.
7. Net income was $50,000 and cash dividends of $25,000 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. (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).)

WRIGHT COMPANY Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Cash flows from operating activities: Cash inflows: From customers Cash outflows: To suppliers of goods To employees For interest For income taxes Payment of cash dividends Net cash flows from operating activities. Cash flows from investing activities: Sale of land Purchase of short-term investment Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Repayment of notes payable Sale of bonds payable Sale of common stock Payment of cash dividends Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31