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	1,580			Current assets	460		640
Cost of sales	860			Net fixed assets	164		328
Operating expenses	180			Current liabilities	280		360
Depreciation	82
Interest expense	50
Earnings before taxes	408.00
Tax	163.20
Net income	244.80