The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Wright Company. Additional information from Wright's accounting records is provided also.

WRIGHT COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s)
	2016	2015
Assets
Cash	$	96	$	80
Accounts receivable		122		125
Short-term investment		58		28
Inventory		124		120
Land		90		110
Buildings and equipment		645		500
Less: Accumulated depreciation		(175)		(125)
	$	960	$	838
Liabilities
Accounts payable	$	37	$	45
Salaries payable		4		6
Interest payable		7		4
Income tax payable		8		13
Notes payable		0		29
Bonds payable		258		200
Shareholders' Equity
Common stock		345		300
Paid-in capitalexcess of par		170		150
Retained earnings		131		91
	$	960	$	838

WRIGHT COMPANY Income Statement For Year Ended December 31, 2016 ($ in 000s)
Revenues:
Sales revenue			$	560
Expenses:
Cost of goods sold	$	230
Salaries expense		98
Depreciation expense		50
Interest expense		19
Loss on sale of land		5
Income tax expense		68		470
Net income			$	90

Additional information from the accounting records:
a.	Land that originally cost $20,000 was sold for $15,000.
b.	The common stock of Microsoft Corporation was purchased for $30,000 as a short-term investment not classified as a cash equivalent.
c.	New equipment was purchased for $145,000 cash.
d.	A $29,000 note was paid at maturity on January 1.
e.	On January 1, 2016, bonds were sold at their $58,000 face value.
f.	Common stock ($45,000 par) was sold for $65,000.
g.	Net income was $90,000 and cash dividends of $50,000 were paid to shareholders.

Required:

Prepare the statement of cash flows of Wright Company for the year ended December 31, 2016. Present cash flows from operating activities by the direct method.