WRIGHT COMPANIES Statement of cash lows For year ended December 21 2018 15 in 2005) Cash flows from operating activities: Cash inflows. From customers Cash outflows To suppliers of goods To employees For interest hows from operating estudes. Cash fans from investing activities arch Help $ 700 Revenues: Sales revenue Expenses : cost of goods sold Salaries expense Depreciation expense Interest expense Losslonisale of land Income tax expense Net income 23. 99 600 $ 100 Additional information from the accounting records. a. Land that originally cost $30,000 was sold for $26,000 b. The common stock of Microsoft Corporation was purchased for $40,000 as a short-term investment not classified as a cash equivalent purchased for $200,000 cash $40.0 was paid at maturity on January 1. 2018, bonds were sold at their $80,000 face value par was sold for $96.000. g. Net income was $100.000 and cash dividends of $60.000 were paid to shareholders. Required: ows of wright Company for the year ended December 31. 2018. Present cash flows from operating (Artiounts to be deducted should be indicated with a minus sign. Enter your answers in thousands ed as 5):) Melds.cogisi of 18 Next (A x 4 199+ a The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Wright Company Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in ones) 2018 2017 143 171 170 Assets Cash Accounts receivable Short-term investment Inventory Land ildings and equipment Less: Accumulated depreciation 175 130 800 (235) $1,254 $ 130 175 30 170 160 600 (175 1,090 Liabilities Accounts payable Taries payabie erest payable tax payable Equity tal-excess of par earnings Nex a Who GOLLOW peldung acumules Cash flows from investing activities. 0 Net cash flows from investing activities Cash flows from financing activities: 0 et passions from financing activities Gada lanuary 1 asih bence December 31 $ WRIGHT COMPANIES Statement of cash lows For year ended December 21 2018 15 in 2005) Cash flows from operating activities: Cash inflows. From customers Cash outflows To suppliers of goods To employees For interest hows from operating estudes. Cash fans from investing activities arch Help $ 700 Revenues: Sales revenue Expenses : cost of goods sold Salaries expense Depreciation expense Interest expense Losslonisale of land Income tax expense Net income 23. 99 600 $ 100 Additional information from the accounting records. a. Land that originally cost $30,000 was sold for $26,000 b. The common stock of Microsoft Corporation was purchased for $40,000 as a short-term investment not classified as a cash equivalent purchased for $200,000 cash $40.0 was paid at maturity on January 1. 2018, bonds were sold at their $80,000 face value par was sold for $96.000. g. Net income was $100.000 and cash dividends of $60.000 were paid to shareholders. Required: ows of wright Company for the year ended December 31. 2018. Present cash flows from operating (Artiounts to be deducted should be indicated with a minus sign. Enter your answers in thousands ed as 5):) Melds.cogisi of 18 Next (A x 4 199+ a The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Wright Company Additional information from Wright's accounting records is provided also. WRIGHT COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in ones) 2018 2017 143 171 170 Assets Cash Accounts receivable Short-term investment Inventory Land ildings and equipment Less: Accumulated depreciation 175 130 800 (235) $1,254 $ 130 175 30 170 160 600 (175 1,090 Liabilities Accounts payable Taries payabie erest payable tax payable Equity tal-excess of par earnings Nex a Who GOLLOW peldung acumules Cash flows from investing activities. 0 Net cash flows from investing activities Cash flows from financing activities: 0 et passions from financing activities Gada lanuary 1 asih bence December 31 $