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Check my wor Comparative financial statement data for Carmono Company follow: This Year Last Year Assets $ 17.50 $ 34.00 Cash Accounts receivable 90.00 83.00

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Check my wor Comparative financial statement data for Carmono Company follow: This Year Last Year Assets $ 17.50 $ 34.00 Cash Accounts receivable 90.00 83.00 Inventory Total current assets 142.50 131.20 250.00 248.20 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 291.00 234.00 46. 20 61.60 229.40 187.80 $479.40 $436.00 Total assets Liabilities and Stockholders' Equity Accounts payable $ 85.50 $ 66.00 Common stock 198.00 151.00 Retained earnings 195.90 219.00 Total liabilities and stockholders' equity $479.40 $436.00 For this year, the company reported net income as follows: Sales $1,850.00 Cost of goods sold Gross margin Selling and administrative 1,110.00 740.00 720.00 expenses 20.00 Net income This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. Check my wo 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places.) Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Financing activities: Required 1 Required 2 Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places.) Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents

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