Comparative financial statement data for Carmono Company follow:

Assets

Cash and cash equivalents

Accounts receivable

Inventory

Total current assets

Property, plant, and equipment

Less accumulated depreciation

Net property,. plant, and equipment

Total assets

Liabilities and Stockholders' Equity

Accounts payable

Common stock

Retained earnings

Total liabilities and stockholders' equity $165\mathrm{.}30,165\mathrm{.}00$

For this year, the company reported net income as follows:

Sales

Cost of goods sold

Gross margin

Selling and administrative expenses

Net income

This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock.

Required:

Using the indirect method, prepare a statement of cash flows for this year.

Compute Carmono's free cash flow for this year.

Complete this question by entering your answers in the tabs below.

Required $1$

Using the indirect method, prepare a statement of cash flows for this year.

Note: 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: