The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Wright Company. Additional information from Wright's accounting records is provided also.

WRIGHT COMPANY
Comparative Balance Sheets
December 31, 2024 and 2023
($ in thousands)
	2024	2023
Assets
Cash	$ 116	$ 95
Accounts receivable	136	140
Short-term investment	47	14
Inventory	137	135
Land	102	125
Buildings and equipment	695	530
Less: Accumulated depreciation	(193)	(140)
	$ 1,040	899
Liabilities
Accounts payable	$ 40	$ 48
Salaries payable	2	6
Interest payable	8	5
Income tax payable	5	10
Notes payable	0	33
Bonds payable	296	230
Shareholders Equity
Common stock	390	330
Paid-in capitalexcess of par	187	165
Retained earnings	112	72
	$ 1,040	$ 899

WRIGHT COMPANY
Income Statement
For Year Ended December 31, 2024
($ in thousands)
Revenues:
Sales revenue		$ 580
Expenses:
Cost of goods sold	$ 260
Salaries expense	59
Depreciation expense	53
Interest expense	16
Loss on sale of land	5
Income tax expense	87	480
Net income		$ 100

Additional information from the accounting records:

Land that originally cost $23,000 was sold for $18,000.

The common stock of Microsoft Corporation was purchased for $33,000 as a short-term investment not classified as a cash equivalent.

New equipment was purchased for $165,000 cash.

A $33,000 note was paid at maturity on January 1.

On January 1, 2024, bonds were sold at their $66,000 face value.

Common stock ($60,000 par) was sold for $82,000.

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, 2024. Present cash flows from operating activities by the direct method.

Note: 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).