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 1,280 Current assets 360 490 Cost of sales 736 Net fixed assets 124 248 Operating expenses 112 Current liabilities 230 310 Depreciation 62 Interest expense 50 Earnings before taxes 320 Tax 128 Net income 192 Note:

Round your answer to the 1000s place.

Free cash flow=