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)20182017AssetsCash$149$125Accounts receivable167170Short-term investment6425Inventory168165Land126155Buildings and equipment785590Less: Accumulated depreciation(229)(170)$1,2301,060LiabilitiesAccounts payable$50$54Salaries payable34Interest payable64Income tax payable510Notes payable039Bonds payable368290Shareholders' EquityCommon stock460390Paid-in capitalexcess of par219195Retained earnings11974$1,230$1,060

WRIGHT COMPANY

Income Statement

For Year Ended December 31, 2018

($ in 000s)Revenues:Sales revenue$680Expenses:Cost of goods sold$320Salaries expense90Depreciation expense59Interest expense11Loss on sale of land3Income tax expense97580Net income$100

Additional information from the accounting records:

1. Land that originally cost $29,000 was sold for $26,000.
2. The common stock of Microsoft Corporation was purchased for $39,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $195,000 cash.
4. A $39,000 note was paid at maturity on January 1.
5. On January 1, 2018, bonds were sold at their $78,000 face value.
6. Common stock ($70,000 par) was sold for $94,000.
7. Net income was $100,000 and cash dividends of $55,000 were paid to shareholders.

Required:

get ready 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).)