The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Wright Company. Additional information from Wright's accounting records is provided also.

WRIGHT COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands)
	2021				2020
Assets
Cash	$	95			$	85
Accounts receivable		126				130
Short-term investment		61				30
Inventory		130				125
Land		94				115
Buildings and equipment		665				510
Less: Accumulated depreciation		(181	)			(130	)
	$	990				865
Liabilities
Accounts payable	$	37			$	46
Salaries payable		5				7
Interest payable		6				5
Income tax payable		8				14
Notes payable		0				31
Bonds payable		272				210
Shareholders Equity
Common stock		360				310
Paid-in capitalexcess of par		180				155
Retained earnings		122				87
	$	990			$	865

WRIGHT COMPANY Income Statement For Year Ended December 31, 2021 ($ in thousands)
Revenues:
Sales revenue				$	550
Expenses:
Cost of goods sold	$	240
Salaries expense		50
Depreciation expense		51
Interest expense		20
Loss on sale of land		5
Income tax expense		94			460
Net income				$	90

Additional information from the accounting records:

Land that originally cost $21,000 was sold for $16,000.

The common stock of Microsoft Corporation was purchased for $31,000 as a short-term investment not classified as a cash equivalent.

New equipment was purchased for $155,000 cash.

A $31,000 note was paid at maturity on January 1.

On January 1, 2021, bonds were sold at their $62,000 face value.

Common stock ($50,000 par) was sold for $75,000.

Net income was $90,000 and cash dividends of $55,000 were paid to shareholders.

Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. 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., 10,000 should be entered as 10).)