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 $ 143 $ 130 Accounts receivable 171 175 Short-term investment 70 30 Inventory 175 170 Land 130 160 Buildings and equipment 800 600 Less: Accumulated depreciation (235 ) (175 ) $ 1,254 1,090 Liabilities Accounts payable $ 51 $ 55 Salaries payable 2 5 Interest payable 9 8 Income tax payable 6 12 Notes payable 0 40 Bonds payable 380 300 Shareholders Equity Common stock 475 400 Paid-in capitalexcess of par 221 200 Retained earnings 110 70 $ 1,254 $ 1,090

WRIGHT COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s) Revenues: Sales revenue $ 700 Expenses: Cost of goods sold $ 330 Salaries expense 95 Depreciation expense 60 Interest expense 12 Loss on sale of land 4 Income tax expense 99 600 Net income $ 100

Additional information from the accounting records:

Land that originally cost $30,000 was sold for $26,000. The common stock of Microsoft Corporation was purchased for $40,000 as a short-term investment not classified as a cash equivalent. New equipment was purchased for $200,000 cash. A $40,000 note was paid at maturity on January 1. On January 1, 2018, bonds were sold at their $80,000 face value. Common stock ($75,000 par) was sold for $96,000. Net income was $100,000 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, 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).)