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. 2020 WRIGHT COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 Assets Cash $ 90 Accounts receivable 100 Short-term investirent 46 Inventory 102 Land 74 Buildings and equipment 585 Les Accumulated depreciation (151) $ GO 105 20 100 90 460 (105) 730 $ $ Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Shareholders' Equity Common stock Pald-in capital excess of par Retained earnings 34 3 7 9 0 210 41 8 6 15 25 160 325 153 105 $ 846 260 130 85 $730 MRTGUT COMPANY Income Statement Tor Year Ended December 31, 2021 is in thousands) Revenuest Sales revenue Expenses Cost of goods sold $190 Salaries expense 55 $ 440 WRIGHT COMPANY Income Statement Yor Year Ended December 31, 2021 $ in thousands) Revenues Sales revenge $ 440 Expenses Cost of goods sold $ 190 Salaries expense 55 Depreciation expense 46 Interest expense 15 LORS on sale of land Income tax expense 60 370 Net Income $ 70 Additional information from the accounting records: a. Land that originally cost $16,000 was sold for $12,000. b. The common stock of Microsoft Corporation was purchased for $26,000 as a short-term investment not classified as a cash equivalent c. New equipment was purchased for $125,000 cash. d. A $25,000 note was paid at maturity on January 1 e. On January 1, 2021, bonds were sold at their $50,000 face value. 1. Common stock ($65,000 par) was sold for $88,000, 9. Net income was $70,000 and cash dividends of $50,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).) WRIGHT COMPANY Statement of Cash Flows For the year anded December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activibes. Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities