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Bramble Corporation issued the following statement of cash flows for 2022. Bramble Corporation Statement of Cash FlowsIndirect Method For the Year Ended December 31, 2022

Bramble Corporation issued the following statement of cash flows for 2022.

Bramble Corporation Statement of Cash FlowsIndirect Method For the Year Ended December 31, 2022

Cash flows from operating activities

Net income

$69,030

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense

$ 10,647

Decrease in accounts receivable

11,115

Increase in inventory

(5,850

)

Decrease in accounts payable

(2,574

)

Loss on disposal of plant assets

3,861

17,199

Net cash provided by operating activities

86,229

Cash flows from investing activities

Sale of investments

3,627

Purchase of equipment

(28,314

)

Net cash used by investing activities

(24,687

)

Cash flows from financing activities

Issuance of stock

23,400

Payment on long-term note payable

(11,700

)

Payment for dividends

(15,210

)

Net cash used by financing activities

(3,510

)

Net increase in cash

58,032

Cash at beginning of year

15,210

Cash at end of year

$73,242

(a) Compute free cash flow for Bramble Corporation. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Free cash flow for Bramble Corporation $enter Free cash flow for Bramble Corporation in dollars

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