chapter 12: question 11

Presented here are the financial statements of Marigoid Comparyy 1. Depreciation expense was $15,500. 2. Dividends declared and paid were 524,720. 3. Duringthe year equipment was sold for $9,200cash. Th: equipment cost 518,000 originally and had accumulated depreciation of 58,800 at the time of saie. 4. Bonds were redeemed at their csrrying value: 5. Commonstock was issued at par forcash Compute free cash flow. (Show amounts that decrease cash flow with either a-sign eg- 15,000 or in parenthesis eg. (15,000)) Freecashflow