Calculate free cash flow for 2021 for Monarch Textiles, Incorporated, 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 2021.

Monarch Textiles, Incorporated ($ thousands)
Income statement		Selected balance sheet items
	2021		2020	2021
Sales	1,400	Current assets	400	550
Cost of sales	760	Net fixed assets	140	280
Operating expenses	120	Current liabilities	250	330
Depreciation	70
Interest expense	50
Earnings before taxes	400
Tax	160
Net income	240

Note: Round your answer to the 1000s place.