12. Presented below is the Statement of Cash Flows for EMG Originals Clothing Company: EMG ORIGINALS CLOTHING COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Cash flows from operating activities: Received from sales to customers Interest income received Payment for inventory Payment to employees Net increase from operating activities Cash flows from investing activities: Payment for stock of another company Payment for purchase of equipment Net decrease from investing activities Cash flows from financing activities: $ 1,550,000 30,000 (240,000) (180,000) $ 1,160,000 (150,000) (600,000) $(750,000) Received from loans from bank From issuance of common stock $ 150,000 450,000 From issuance of bonds 300,000 Payment of dividends (60,000) Net increase from financing activities $840,000 Net increase in cash $1,250,000 Determine the company's free cash flow