2. Cold Weather Sports, Inc. (CWS) just completed its 2003 fiscal year. During the year, CWS had sales of $10,000 and total expenses (no interest expenses were incured) of $6,000. Assume that CWS pays 30% of its EBIT in taxes and that deprececiation expense of $1,200 is included in the total expense number listed above. A list of some balance sheet items for CWS for end of fiscal year 2002 and 2003 is as below 2002 Current Assets Net Long-Term Assets Accounts Payable Accrued Expenses Short-Term Debt Long-Term Debt $1,000 5,000 600 500 2,000 3,000 2003 Current Assets $1,200 5,600 800 600 Net Long-Term Assets Accounts Payable Accrued Expenses Short-Term Debt 2,100 3,200 Long-Term Debt No fixed assets were disposed of during the year What is Cold Weather Sports' operating cash flow for 2003? What is the amount of free cash flow generated by Cold Weather Sports in 2003