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	1,580	Current assets	460	640
Cost of sales	796	Net fixed assets	164	328
Operating expenses	132	Current liabilities	280	360
Depreciation	82
Interest expense	50
Earnings before taxes	520
Tax	208
Net income	312

Note: Round your answer to the 1000s place.

Free Cash Flow