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 1,310 Current assets 370 505 Cost of sales 770 Net fixed assets 128 256 Operating expenses 135 Current liabilities 235 315 Depreciation 64 Interest expense 50 Earnings before taxes 291.00 Tax 116.40 Net income 174.60