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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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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. For the year ended December 31, 2024 ( $ in thousands) Additional information from the accounting records: a. Land that originally cost $19,000 was sold for $15,000. b. The common stock of Microsoft Corporation was purchased for $29,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $140,000 cash. d. A $28,000 note was paid at maturity on January 1 . e. On January 1, 2024, bonds were sold at their $56,000 face value. f. Common stock ( $40,000 par) was sold for $68,000. g. Net income was $90,000 and cash dividends of $45,000 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)

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