3. Use the income Statement and Balance Sheet below to calculate the companies free cash flow. Income Statement 2017 Net Sales 675 210 Cost of goods sold Depreciation EBIT Interest Paid EBT Taxes (30%) Net Income Dividends 105 Addition to Retained Earnings 175 Assets 2016 2017 Liabilities and Shareholders equity 2016 2017 Current Assets Current Liabilities Cash 200 250 Accounts Payable Notes Payable Accounts Receivable 150 225 100 250 400 750 125 350 375 850 Inventory Total Current Assets Total Current Liabilities 350 475 Long term debt 300 250 Fixed Assets Stockholders equity PPE 1500 1700 Common stock 300 900 300 1075 Accumulated Depreciation 400 450 Retained earnings Net PPE 1100 1250 Total Shareholder's Equity 1200 1375 Total Assets 1850 2100 Total Liabilities & Equity 1850 2100