Calculate free cash flow for 2017 for Monarch Textiles, Inc., 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 2017. (Enter your answer in 1000s.) Monarch Textiles, Inc. ($ thousands) Income statement Selected balance sheet items 2017 2016 2017 Sales 1,430 Current assets 410 565 Cost of sales 810 Net fixed assets 144 288 Operating expenses 155 Current liabilities 255 335 Depreciation 72 Interest expense 50 Earnings before taxes 343.00 Tax 137.20 Net income 205.80