Question

he following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2017			2016
Cash		$36,400			$20,800
Accounts receivable		32,700			19,500
Inventory		30,700			20,900
Equipment		59,300			77,300
Accumulated depreciation—equipment		(29,700	)		(23,300	)
Total		$129,400			$115,200
Liabilities and Stockholders’ Equity
Accounts payable		$28,000			$ 16,600
Income taxes payable		7,000			8,300
Bonds payable		27,400			32,100
Common stock		18,200			13,700
Retained earnings		48,800			44,500
Total		$129,400			$115,200

NOSKER COMPANY Income Statement For the Year Ended December 31, 2017
Sales revenue		$241,900
Cost of goods sold		175,600
Gross profit		66,300
Operating expenses		24,700
Income from operations		41,600
Interest expense		2,600
Income before income taxes		39,000
Income tax expense		8,000
Net income		$31,000

Additional data:

1.		Dividends declared and paid were $26,700.
2.		During the year equipment was sold for $9,800 cash. Thisequipment cost $18,000 originally and had a book value of $9,800 atthe time of sale.
3.		All depreciation expense, $14,600, is in the operatingexpenses.
4.		All sales and purchases are on account.

Prepare a statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g.(15,000)?

Compute free cash flow.

Free cash flow?

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