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	1,670	Current assets	490	685
Cost of sales	814	Net fixed assets	176	352
Operating expenses	138	Current liabilities	295	375
Depreciation	88
Interest expense	50
Earnings before taxes	580
Tax	232
Net income	348

Note: Round your answer to the 1000s place.

What is the free Cash flow ?