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The comporative boiance sheets for 2024 and 2023 and the stotement of income for 2024 are given below for Wright Compony. Additional information from Wright's

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The comporative boiance sheets for 2024 and 2023 and the stotement of income for 2024 are given below for Wright Compony. Additional information from Wright's occounting records is provided also. Additional information from the accounting records: a. Land thet originally cost $22,000 was sold for $16,000 b. The common stock of Microsoft Corporation wos purchosed for $32,000 as a short-term investment not ciassified as a cash equivolent. c. New equipment was purchosed for $160,000cosh. d. A $32,000 note was paid at maturity on January 1. e. On January 1, 2024, bonds were sold ot their $64,000 face value. f. Common stock ($55,000 par) was sold for $80,000. g. Net income was $100,000 and cash dividends of $50,000 were paid to shareholders. Required: Prepare the statement of cosh 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 thousends (i.e., 10,000 should be entered as 10)

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