WRIGHT COMPANY Income Statement For Year Ended December 31, 2024 ( $ in thousands) Revenues: Sales revenue $660 Expenses: Cost of goods sold Salaries expense Depreciation expense Interest expense Loss on sale of land Income tax expense \begin{tabular}{rr} $310 & \\ 94 & \\ 58 & \\ 10 & \\ 3 & \\ 95 & 570 \\ \hline & $90 \\ \hline \end{tabular} Net income Additional information from the accounting records: a. Land that originally cost $28,000 was sold for $25,000. b. The common stock of Microsoft Corporation was purchased for $38,000 as a short-term investment not classified as a cash equivalent. c. New equipment was purchased for $190,000 cash. d. A $38,000 note was paid at maturity on January 1 . e. On January 1,2024, bonds were sold at their $76,000 face value. f. Common stock ( $65,000 par) was sold for $92,000. 9. Net income was $90,000 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)