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Casper's Cookie Corporation comparative balance sheets are presented below. Casper's Cookie Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total

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Casper's Cookie Corporation comparative balance sheets are presented below. Casper's Cookie Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2019 2018 $ 14,300 $ 10,700 21,200 23,400 20,000 26,000 70,000 70,000 (15,000) (10,000) $110,500 $120,100 $ 12,370 $ 31,100 75,000 69,000 23,130 20,000 $110,500 $120,100 Additional information: . Net income was $22,630. Dividends declared and paid were $19.500. No noncash investing and financing activities occurred during 2019. The land was sold for cash of $4.900. . ts payable Common stock Retained earnings Total $ 12,370 $ 31,100 75,000 69,000 23,130 20,000 $110,500 $120,100 . Additional information: Net income was $22.630. Dividends declared and paid were $19,500. No noncash investing and financing activities occurred during 2019. . The land was sold for cash of $4,900. Instructions (a) Prepare a statement of cash flows for 2019 using the indirect method. (b) Compute free cash flow. LITLA

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