2 P4-6 Finding operating and free cash flows Consider the following summary of Summer Breeze Corporation's financial statements. 2014 Summer Breeze Corporation Balance Sheets December 31 Assets 2015 Cash $ 2,000 $ 1,500 Marketable securities 2,400 1.800 Accounts receivable 2.200 2,000 Inventories 3,000 2,900 Total current assets $ 9,600 $ 8,200 Gross fixed assets $30,900 $29,500 Less: Accumulated depreciation 16,300 14,700 Net fixed assets $14,600 $14,800 Total assets $24, 200 $23.000 Liabilities and stockholders' cquity Accounts payable $ 1,700 $ 1,600 Notes payable 3,400 2,800 Accruals 100 200 Total current liabilities S 5,200 $ 4,600 Long-term debe 5,000 5.000 Total liabilities $10,200 $ 9,600 Common stock $10,000 $10,000 Retained earnings 4,000 Total stockholders' equity $14,000 $13,400 Total liabilities and stockholders' equity $24.200 $23,000 3,400