Cameron Company 2015 Income Statement Sales COGS Gross Profit 204,000 84,000 120,000 SG&A Depreciation Operating Income 17,000 26,000 77,000 Interest EBT 5,000 72,000 Provision taxes Net Income 30,000 42,000 2014 2015 Balance Sheet Assets Cash A/R Inventory Prepaid Expenses Total Current Assets 89,000 70,000 64,000 70,000 102,000 80,000 10,000 10,000 265,000 230,000 Plant and Equipment Depreciation Net Plant Total Assets 238,000 40,000 198,000 463,000 301,000 66,000 235,000 465,000 Liabilities A/P Accrued Liabilities Income Tax Payable Total Current Liabilities 85,000 68,000 47,000 200,000 80,000 63,000 39,000 182,000 Common Stock Total Liability and Equity 263,000 463,000 283,000 465,000 Using posted Cameron Financial Statements please calculate step one of Free Cash Flow? Step one is converting your income statement from an accrual basis to a cash basis $2,756,196 $2,760,176 $65,000 $81,000 Cameron Company 2015 Income Statement Sales COGS Gross Profit 204,000 84,000 120,000 SG&A Depreciation Operating Income 17,000 26,000 77,000 Interest EBT 5,000 72,000 Provision taxes Net Income 30,000 42,000 2014 2015 Balance Sheet Assets Cash A/R Inventory Prepaid Expenses Total Current Assets 89,000 70,000 64,000 70,000 102,000 80,000 10,000 10,000 265,000 230,000 Plant and Equipment Depreciation Net Plant Total Assets 238,000 40,000 198,000 463,000 301,000 66,000 235,000 465,000 Liabilities A/P Accrued Liabilities Income Tax Payable Total Current Liabilities 85,000 68,000 47,000 200,000 80,000 63,000 39,000 182,000 Common Stock Total Liability and Equity 263,000 463,000 283,000 465,000 Using posted Cameron Financial Statements please calculate step one of Free Cash Flow? Step one is converting your income statement from an accrual basis to a cash basis $2,756,196 $2,760,176 $65,000 $81,000