Blackstone Company has the following information available: Net income, $20,000; Cash provided by operating activities, $30,000; Cash sales, $75,000; Capital expenditures, $12,000; and Cash dividends, $6,000. What is Blackstones free cash flow?

The corporation also has 2,700 shares issued and outstanding of 9%, $105 par value preferred stock. It authorized 9,700 shares. The paid-in capital in excess of par value on the preferred stock is $25,400. Retained earnings is $385,000.

MONTY CORP Balance Sheet (Partial) Stockholders Equity Paid-in Capital Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred Stock 260,000 Paid-in Capital in Excess of Par Value-Common Stock Total Additional Paid-in Capital Additional Paid-in Capital 0 385.000 Retained Earnings Total Paid-in Capital and Retained Earnings 69000 Accumulated Other Comprehensive Income 53,000) Less 1: 1 Treasury Stock Total Stockholders' Equity