A company had the following subtotals on its statement of cash flows that was prepared at the end of the year:

Net cash provided by operating activities . . . . . . . . . $125,000

Net cash used in investing activities . . . . . . . . . . . . . . (110,000)

Net cash provided by financing activities . . . . . . . . . 80,000

Additional Information: Included in the statement of cash flows, the company showed depreciation expense of $30,000 and purchased new equipment that cost $105,000. In addition, the company borrowed long-term debt of $50,000 and paid dividends of $9,000 to the stockholders.

Based on this information, determine the amount of free cash flow.