calculate free cash flow, please show calculations

Financial Statements 2016 2015 Balance Sheet Cash Short term investments Accounts Receivable Inventories 12,282.00 46,100.00 $ 38,000.00 674,480.00 632,160.00 1,439,000.00 $ 1,287,360.00 2,185 180.00$1969,802.00 500,000.00 702,950.00 263,160.00 25,600.00 $ Total Current Assets Equipment, machinery etc. Buildings etc. less: allowance for depreciation Net fixed Assets 516,262.00 $ 702,950.00 $ 373,160.00 $ 46.052.00 S$ 3,031,232.00 $ Total Asset:s 2,909.592.00 348,000.00 S 322,000.00 677,000.00 $ 722,000.00 342,500.00 $ 284,96.00 1367 500,00 1328,960.00 895,000.00 $1,000,000.00 470,000.00 460,000.00 Accounts Payable Notes Payable accruals Total Current liabilities Long-term debt Common Stock Retained Earnings 298,732.00 $ 768,732.00 $ 580,632.00 3,031 232.00 $ 2,909,592.00 Total common equity Total Liabilities and Equity Income Statement Sales Cost of Goods Sold 6,531,000.00 $ 5,875,000.00 5,220,000.00 $4,650,000.00 1311000,00 1225,000.00 Gross Profit Operating Expenses Fixed Cash op. Expense Variable op. Expense Depreciation Total operating expense 34 325,000.00 $ 110,000.00 s 8,500.00 $ 340,000.00 276,000.00 00 116,960.00 527,500.00 $ 492040.00 418,500.00 $ 372040.00 Earnings before Interest and Taxes Interest 109,000.00 1 120,000.00 Earnings before Taxes Taxes (40%) Net Income 167,400.00 148,816.00 223,224.00