A company's statement of cash flows indicates cash flow from operations of $78,000. The company paid $8,000 of interest over the course of the year. The investing section of the statement of cash flows states $29,000 was spent on the purchase of equipment, while $55,000 was received from the sale of a building. Also, the company invested $9,000 in equity securities with the purpose of earning a return on excess cash. The marginal tax rate is 23%. Free cash flow is closest to: $112,000 $101,160 $110,160 $103.000