14. facobi Industries produced the following income states in 2007 Sales Cost of goods sold Gross profit Selling, general, and administrative expenses Operating profit Interest expense Earnings before tax Taxes (@39.5%) 1,709,719 739,192 970,527 808,666 161,861 24,568 137,293 54,231 Net income 83,062 Other financial data for the firm for 2006 and 2007 were as follows: 2006 2007 Capital expenditures (from cash flow statement) Accumulated depreciation (from balance sheet) 25,000 35,000 50,000 60,000 Other payables (from balance sheet) Accounts receivable (from balance sheet) Inventory (from balance sheet) Accounts payable (from balance sheet) Assume that the depreciation charge on the income statement is inchaded in the SCAA line item. Calculate lacobi's free cash flow for total cash flow from asset for 2007 150,000 125,000 260,000 280,000 180,000 195,000 20,000 17,000 164340 302630 89.926 300620 199.630