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 $1,190$ Current assets $330445$

Cost of sales $718$ Net fixed assets $112224$

Operating expenses $106$ Current liabilities $215295$

Depreciation $56$

Interest expense $50$

Earnings before taxes $260$

Tax $104$

Net income $156$

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