Please solve and show the work.

The comporative bolance sheets for 2024 and 2023 and the stetement of income for 2024 are given below for Wright Compony. Additional information from Wright's sccounting records is provided slso. Additiona information from the occounting recoros: a. Lend thet originelly cost $15,000 wos sold for $11,000. b. The common stock of Microsoft Corporation was purchased for $24,000 as a short-term investment not classified as a cash equivelent. c. New equipment wos purchased for $120,000 cosh. d. A $24,000 note wos poid at maturity on Jenuery 1 . e. On Jonusry 1, 2024, bonds were sold at their $48,000 foce volue. f. Common stock (\$60,000 per) was sold for $85,000. 9. Net income was $70,000 and cosh dividends of $50,000 were poid to shareholders. Required: Prepare the statement of cash flows of Wright Compony for the year ended December 31,2024 . Present cash flows from operating octivities 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)