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Bramble Corporation issued the following statement of cash flows for 2022 Bramble Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31,
Bramble Corporation issued the following statement of cash flows for 2022 Bramble Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash $54,700 provided by operating activities: Depreciation expense. $8,600 Decrease in accounts receivable 8,800 Increase in inventory (5,200) Decrease in accounts payable (2,000) Loss on disposal of plant assets 3,200 13,400 Net cash provided by operating activities 68,100 Cash flows from investing activities Sale of investments 3,100 Purchase of equipment (24,500) Net cash used by investing activities (21,400) Cash flows from financing activities Issuance of common stock 20,100 Payment on long-term note payable (9,800) Payment of cash dividends (13,300) Net cash used by financing activities (3,000) Net increase in cash 43,700 Cash at beginning of year 11.800 Cash at end of year $55,500 (a) Compute free cash flow for Bramble Corporation. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) Free cash flow $
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