Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current iabilities 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 1,550 Current assets 450 625 Cost of sales 850 Net fixed assets. 160 320 175 Current liabilities 275 355 Operating expenses Depreciation 80 Interest expense 50 Earnings before taxes. 395.00 Tax 158.00 Net income 237.00 Free cash flow