AyayaiLtd. engaged in the following cash transactions during 2020:

Proceeds from sale of land and building

$197,000Repurchase of company's own shares

30,000

Purchase of land

49,000

Payment of cash dividends64,000

Purchase of equipment

40,000

Issuance of common shares

147,000

Retirement of bonds payable

203,000

Ayayaiprepares financial statements in accordance with ASPE.

DetermineAyayai's free cash flow, assuming that it reported net cash provided by operating activities of $403,000. The purchase of land was for use.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)