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 Common stock Accounts payable Retained earnings Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales This Year Last Year $ 11.00 64.00 $ 21.00 57.00 110.00 97.40 185.00 175.40 252.00 51.20 200.80 $ 385.80 $ 66.00 146.00 173.80 208.00 38 40 169.60 $ 345.00 $ 53.00 112.00 180.00 $ 385.80 $ 345.00 Cost of goods sold Gross margin Selling and administrative expenses Net income $ 1,200.00 720.00 480.00 460.00 $ 20.00 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: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year.