2 Book H Prid Comparative financial statement data for Carmono Company follow Assets Cash Accounts receivable Inventory Total current assete Property, plans, and equipment Less accumulated depreciation Met property, plant, and equipment This Tear $15.50 $30.00 82.00 132.50 75.00 120.00 230.00 225.00 279.00 226.00 58.40 43.90 220.60 182.20 Total assets $450.60 3409.00 Liabilities and stockholders' Equity Accounts payable $79.50 62.00 Common stock 182.00 139.00 Retained earnings 109.10 207.00 Total liabilities and stockholders' equity $450.60 $400.00 trencas For this year, the company reported net income as follows: Sales $1,450.00 Cous of goods sold 990.00 Gross margin 660.00 salling and administrative expenses 640.00 Het income 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year The company did not repurchase any of its own stock this year Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year Complete this question by entering your answers in the tabe below. Required 1 Required 2 Using the indirect method, prepare a statement of cash flows for this year. (Ust any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places.) Operating activities: Net income Cannons Company Datement of Cash Flows For This Year Ended December 31 Adjustments to convert net income to a cash besis Decrease in accounts receivable Increase in inventory increase in accounts payable Depreciation