The comparative balance sheets for $2024$ and $2023$ and the statement of income for $2024$ are given below for Wright Company.

Additional information from Wright's accounting records is provided also.

Additional information from the accounting records:

a$.$ Land that originally cost $$25,000$ was sold for $$20,000.$

b$.$ The common stock of Microsoft Corporation was purchased for $$35,000$ as a short$-$term investment not classified as a cash

equivalent.

c$.$ New equipment was purchased for $$175,000$ cash.

d$.A$$$35,000$ note was paid at maturity on January $1.$

e$.$ On January $1,2024,$ bonds were sold at their $$70,000$ face value.

f$.$ Common stock $($ $$70,000$ par$)$ was sold for $$90,000.$

g$.$ Net income was $$80,000$ and cash dividends of $$45,000$ 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 $10).$