Carla Vista Shoes comparative balance sheet is presented below. Carla Vista reports under ASPE. Assets Cash Accounts receivable Long-term investments Equipment CARLA VISTA SHOES Balance Sheet December 31 2021 2020 $25,380 $15,930 21,780 20,070 20,700 14,400 54,000 63,000 (12,600) (9,000) $109,260 $104,400 Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity Accounts payable $17,640 $9,990 Notes payable 9,000 27,000 Common shares 54,000 40,500 Retained earnings 28,620 26,910 Total $109,260 $104,400 Additional Information: 1. Profit was $25,470. Dividends declared and paid were $23,760. Equipment that cost $9,000 and had accumulated depreciation of $1,080 was sold for $3,870. 2. 3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. x Your answer is incorrect Calculate free cash flow. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis e.g. (15,000).) Free cash flow $ 25380