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	$	106			$	90
Accounts receivable		133				135
Short-term investment		44				12
Inventory		135				130
Land		98				120
Buildings and equipment		680				520
Less: Accumulated depreciation		(187	)			(135	)
	$	1,009				872
Liabilities
Accounts payable	$	40			$	47
Salaries payable		5				8
Interest payable		7				6
Income tax payable		9				15
Notes payable		0				32
Bonds payable		284				220
Shareholders Equity
Common stock		375				320
Paid-in capitalexcess of par		185				160
Retained earnings		104				64
	$	1,009			$	872

WRIGHT COMPANY Income Statement For Year Ended December 31, 2021 ($ in thousands)
Revenues:
Sales revenue				$	560
Expenses:
Cost of goods sold	$	250
Salaries expense		52
Depreciation expense		52
Interest expense		15
Loss on sale of land		6
Income tax expense		85			460
Net income				$	100

Additional information from the accounting records:

1. Land that originally cost $22,000 was sold for $16,000.
2. The common stock of Microsoft Corporation was purchased for $32,000 as a short-term investment not classified as a cash equivalent.
3. New equipment was purchased for $160,000 cash.
4. A $32,000 note was paid at maturity on January 1.
5. On January 1, 2021, bonds were sold at their $64,000 face value.
6. Common stock ($55,000 par) was sold for $80,000.
7. 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, 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).)