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	$	96			$	80
Accounts receivable		122				125
Short-term investment		58				28
Inventory		124				120
Land		90				110
Buildings and equipment		645				500
Less: Accumulated depreciation		(175	)			(125	)
	$	960				838
Liabilities
Accounts payable	$	37			$	45
Salaries payable		4				6
Interest payable		7				4
Income tax payable		8				13
Notes payable		0				29
Bonds payable		258				200
Shareholders Equity
Common stock		345				300
Paid-in capitalexcess of par		170				150
Retained earnings		131				91
	$	960			$	838

WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)
Revenues:
Sales revenue				$	560
Expenses:
Cost of goods sold	$	230
Salaries expense		98
Depreciation expense		50
Interest expense		19
Loss on sale of land		5
Income tax expense		68			470
Net income				$	90

Additional information from the accounting records:

1. Land that originally cost $20,000 was sold for $15,000.
2. The common stock of Microsoft Corporation was purchased for $30,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $145,000 cash.
4. A $29,000 note was paid at maturity on January 1.
5. On January 1, 2018, bonds were sold at their $58,000 face value.
6. Common stock ($45,000 par) was sold for $65,000.
7. Net income was $90,000 and cash dividends of $50,000 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).)