ALI company reported this year sales of $ 10,000 and operating expenses other than depreciation of $ 5,500 and depreciation expense of $ 700. The company does not recognize amortization costs, in addition it has outstanding bonds payable of $ 3,200 with an interest rate of 5% per annum. The tax imposed by the government on company profits is 30%. In order to be able to sustain its business and generate income and cash flow in the future, the company requires an investment of $ 1,250 to purchase new fixed assets such as machinery and equipment and requires a working capital of $ 300 operating. How much is the company's profit (net income) and the amount of free cash flow? Make your calculations with the steps and explanations!