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 $ 100 145 50 145 WRIGHT COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 Assets Cash $ 114 Accounts receivable 142 Short-term investment Inventory Land 106 Buildings and equipment 710 Less Accumulated depreciation (199) $1.068 Liabilities Accounts payable 42 Salaries payable Interest payable Income tax payable Notes payable Bonds payable 308 Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 104 $1,068 130 540 (145) 926 $ 49 240 405 340 190 170 $ 926 $1,068 $ 926 $ 600 WRIGHT COMPANY Income Statement For Year Ended December 31, 2021 ($ in thousands) Revenues: Sales revenue Expenses: Cost of goods sold $ 270 Salaries expense Depreciation expense Interest expense Loss on sale of land Income tax expense 89 Net income 500 $ 100 Additional information from the accounting records a. Land that originally cost $24,000 was sold for $20,000. b. The common stock of Microsoft Corporation was purchased for $34,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $170,000 cash. d. A $34,000 note was paid at maturity on January 1. e. On January 1, 2021, bonds were sold at their $68,000 face value. f. Common stock ($65,000 par) was sold for $85,000. g. Net income was $100,000 and cash dividends of $65,000 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