(b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $ eTextbook and Media eTextbook 1 eTextbook 2 Media Attempts: 0 of 3 used Save for Later Submit Answer Tamarisk, Inc's comparative balance sheets are presented below. Tamarisk, Inc. Comparative Balance Sheets December 31 2018 2019 $ 14,600 $ 10,000 Cash Accounts receivable 20,800 23,600 Land 19,800 25,600 Buildings 70,000 70,000 (15,300) Accumulated depreciation-buildings (10,900 ) $109,900 $118,300 Total $ 12,100 $27,800 Accounts payable Common stock 74,900 71,000 Retained earnings 22,900 19,500 $109,900 $118,300 Total Additional information: Net income was $22,600. Dividends declared and paid were $19,200. 1. 2. No noncash investing and financing activities occurred during 2019. The land was sold for cash of $4,500. 3. Cash Flows from Operating Activities Net Income 22600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities + 24 Depreciation Expense 4400 Loss on Disposal of Land 1300 Decrease in Accounts Receivable 2800 Decrease in Accounts Payable (15700) (7200) Net Cash Provided by Operating Activities + 15400 Cash Flows from Investing Activities Sale of Land 4500 Cash Flows from Financing Activities Payment of Dividends (19200) Issuance of Common Stock 3900 Net Cash Used by Financing Activities (15300) 4600 Net Increase in Cash 10000 Cash at Beginning of Period Cash at End of Period 14600