calculate free cash flow

Carla Vista Corporation's comparative balance sheets are presented below. CARLA VISTA CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $29,570 $12,700 Accounts receivable 20,200 27,400 Land 20,000 30,000 Building 72,000 72,000 Accumulated depreciation (19,000) (12,000) Total $122,770 $130,100 Accounts payable $14,370 $35,100 Common stock 79,000 71,000 Retained earnings 29.400 24,000 Total $122.770 $130,100 1. Additional information: Net income was $31,900. Dividends declared and paid were $26,500. 2 All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $7,900. (a) Your answer is correct Prepare a statement of cash flows for 2022 using the indirect method, (Show amounts that decrease cash flow with either a signes -15,000 or in parenthesis es (15,000).) CARLA VISTA CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 00 Adjustments to reconcile net income to Question 2 of 10 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense s 7000 Loss on Sale of Land 2100 Decrease in Accounts Receivable 7200 Decrease in Accounts Payable -20730 -4430 Net Cash Provided by Operating Activities 27470 Cash Flows from Investing Activities Sale of Land 7900 Cash Flows from Financing Activities Issuance of Common Stock BDOO Payment of Dividends -26500 MacBook Air Seo 28 5 7 2 3 A 5 6 7 Q 3 E R T Y S U Net Cash Used by Financing Activities -18500 Net Increase in Cash 16870 Cash at Beginning of Period 12700 Cash at End of Period 29570 e Textbook and Media Attempts: 2 of (b) Compute free cash flow. (Show amounts that decrease cash flow with either a-signeg. 15,000 or in parenthesis eg. (15,000).) Free cash flow $