12) Starfire Telescopes Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Starfire Telescopes Company Income Statement Year Ended December 31, 2017 $275,000 2.600 $277.600 Sales Revenue Interest Revenue Total Revenues Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Loss on Sale of Plant Assets Total Expenses Net Loss 135,000 66,500 32.000 35.900 2,400 6,500 2.000 280,300 $(2,700) Additional information provided by the company includes the following: Current assets other than cash decreased by $25.000, Current liabilities increased by $3,000. Prepare the operating activities section of the statement of cash flows. 13) Milford Lighting Supply expects the following for 2016: Net cash provided by operating activities of $278.000 Net cash provided by financing activities of $70,000 Net cash provided by investing activities of $79.000 Cash dividends paid to stockholders of $30.000 Milford expects to spend S160,000 to modernize its showroom. How much free cash flow does Milford expect for 2016