Check Comparative financial statement data for Carmono Company follow. Assets Cash Accounts receivable Tnventory Total current assets Property, plant, and equipment Tess Becumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity 5250 For this year, the company reported net income as follows: Cost of goods sold Grossargin Selling and administrative Net income This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this company did not repurchase any of its own stock this year the Required: 1. Using the indirect method, prepare a statement of cash flows for this year 2. Compute Carmono's free cash flow for this year Required required Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.) Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Net income Adjustments to convert net income to a cash basis: Increase in inventory Decrease in accounts receivable Depreciation Increase in accounts payable Net cash provided by operating activities Investing activities: increase in plant and equipment Financing activities: Issuance of common stock Cash dividends Net cash used in financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Required 2 >