A firm reported the following results: sales $=61,000,$ COGS $=37,000,$ depreciation $=8,000,$ interest expense $=1,000,$ dividends $=1,500.$

Beginning of the year: NFA$=40,000,$Cash$=3,000,$ inventory $=3,000,AR=4,000,AP=2,500,$ Notes payable $=1,000,$ short term borrowing $=4,000$;

At the end of the year: NFA$=42,000,$ Cash $=3,500,$ inventory $=6,000,\frac{A}{R}=6,000,\frac{A}{P}=3,000,$ notes payable $=2000,$ short term borrowing $=4,000$

Effective tax rate $=34\%.$Compute the free cash flow