The comparative statements of Financial position for 2023 and 2002 and the statement of profit or loss for 2023 are given below for Weight Company Additional information from Wiccoli recenti provided WRIOHT COMPANY comparative statement of Financial Position Dec 31, 2023 and 2013 nos 2023 2022 Assis Cash $ 420 Accounts receive 73 TS Shortament 40 PS Land 50 00 tundings and equipment 560 400 Les Accumulated depreciation (115 715 575 Liabilities Accounts payable 28 35 Salaries 2 5 Interest wyti 5 Income tax payable o 12 Notes payable 0 30 Bonds payable 160 100 Shareholders' Equity Ordinary share 250 200 Share premium 120 100 Reaming 135 90 715 5 575 WRIGHT COMPANY Statement of Profit or Loss For Year Ended December 31, 2023 Revenues Sales revenue $30 Expenses Cost of goods sold 5130 Salaries Expo Depreciation expense 40 Interest expense 12 Loon of land 3 Income tax expense 70 2900 Net prat Additional information from the counting records Land that originally cost $10,000 was sold for $7,000 5. The ordinary shares of Microsoft Corporation were purchased for $25,000 as a short term investment not classified as a cash equivalent. New Guian purchased for $150.000 cash WRIGHT COMPANY Statement of Pront or Loss For Year Ended December 31, 2023 000 Revenue Sales $ 380 Expenses Costic goods sold $ 130 Sweep 45 Cerca per 40 Intense 12 Los on sale of land Income tax expense 70 Net profit Additional information from the accounting records: a Land that originally cost $10,000 was sold for $7.000 The ordinary shares of Microsoft Corporation were purchased for $25,000 as a short-term investment no classified as a cash equivalent. d. A $30,000 note was paid at maturity on January 1 On January 1, 2023, bonds were sold at their $60.000 principal amount. Ordinary shares ($50,000 par) were issued for $76.000 3. Net prolit was $80,000 and cash dividends of $35.000 were paid to shareholders Required Prepare the strement of cash flows of Wright Company for the year ended December 31, 2023, estuning Wright classes interest paid an operating activity and dividends padasafnang activity Presente flows from operating activities by the direct method. You may omit the schedule to reconcle net profitto cash flows from operating activities) (Amounts to be deducted should be indicated with a sign Enter your answers in thousands (... 10,000 should be entered a 10) Wright Company Statement of Cash Flows For the Year Ended December 11, 2013 $ 80 Cash flow from operating activities Cashindows From customers Cashout To Suces of goods Sale of bonds payable (142) 146) Nefcash flow from cong (110