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	1,670			Current assets	490		685
Cost of sales	890			Net fixed assets	176		352
Operating expenses	195			Current liabilities	295		375
Depreciation	88
Interest expense	50
Earnings before taxes	447.00
Tax	178.80
Net income	268.20