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.) Income statement Monarch Textiles, Inc. ($ thousands) Selected balance sheet items 2017 2016 1,280 Current assets 360 760 Net fixed assets 124 130 Current liabilities 230 62 50 278.00 111.20 166.80 2017 490 248 310 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Free cash flow