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. (Round your answer to 1 decimal places.) Monarch Textiles, Inc. ($ thousands) Income statement Selected balance sheet items 2017 2016 2017 Sales 1,340 Current assets 380 520 Cost of sales 780 Net fixed assets 132 264 Operating expenses 140 Current liabilities 240 320 Depreciation 66 Interest expense 50 Earnings before taxes 304.00 Tax 121.60 Net income 182.40