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3. Intel Corporation engaged in the following cash transactions during 2020: Sale of land and building 209,000 Purchase of treasury stock 35,000 Purchase of land

3. Intel Corporation engaged in the following cash transactions during 2020: 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 Intels free cash flow to common equity shareholder, assuming that it reported net cash provided by operating activities of $650,000?

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