Calculate free cash flow for $2021$ for Monarch Textiles, Incorporated, based on the financial information that follows. Assume that all current liabilities are non$-$interest$-$bearing liabilities and that no fixed assets were sold or disposed of during $2021.$

Monarch Textiles, Incorporated $($$ thousands$)$

Income statement Selected balance sheet items

$202120202021$

Sales $1,520$ Current assets $440610$

Cost of sales $784$ Net fixed assets $156312$

Operating expenses $128$ Current liabilities $270350$

Depreciation $78$

Interest expense $50$

Earnings before taxes $480$

Tax $192$

Net income $288$

Note: Round your answer to the $1000$s place.