4. Find the FCF using the information below: + Pin Corp. Comparative Balance Sheets Assets 2011 2012 Cash 200 150 Accounts Rec 450 425 Inventories 550 625 Total Current Assets 1200 1200 Plant&Equipment 2200 2600 Less Accumulated Dep. -1000 -1200 Net plant&Eq. 1200 1400 Total Assets 2400 2600 Liab.+ Stock Eq. Accounts Payable 200 150 Notes Payable (%9) 0 150 Current Liabilities 200 300 Bonds 600 600 Owner's Equity Common Stock 900 900 Retained Earnings 700 800 Total Owner's Eq. 1600 1700 Total Liabilities&O.E. 2400 2600 Pin. Corp. Income Statement For the year of 2012 Sales 1450 Cost of Goods Sold 850 Gross Profit 600 Selling, General and Adm. Expenses 40 Depreciation 200 Operating Income 360 Interest Expense 64 Net Income Before Tax 296 Tax 118 Net Income 178