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.)

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Monarch Textiles, Inc. ($ thousands) Income statement Selected balance sheet items 2017 2016 2017 Sales 1,460 Current assets 420 580 Cost of sales 820 Net fixed assets 148 296 Operating expenses 160 Current liabilities 260 340 Depreciation 74 Interest expense 50 Earnings before taxes 356.00 Tax 142.40 Net income 213.60