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3. Clarmont Corporation engaged in the following cash transactions during 2012: Sale of land and building 209,000 Purchase of treasury stock 35,000 Purchase of land

3. Clarmont Corporation engaged in the following cash transactions during 2012:

Sale of land and building 209,000

Purchase of treasury stock 35,000

Purchase of land 38,000

Payment of cash dividend 105,000

Purchase of equipment 54,000

Issuance of common stock 150,000

Retirement of bonds 97,500

Required: What is Clarmonts free cash flow, assuming that it reported net cash provided by operating activities of $650,000?

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