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Comparative financial statement data for Carmono Company follow: For this year, the company reported net income as follows: For this year, the company reported net
Comparative financial statement data for Carmono Company follow: For this year, the company reported net income as follows: For this year, the company reported net income as follows: 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. 2. Compute Carmono's free cash flow for this year. negative amounts. Round your intermediate calculations and final answers to decimal prates.) \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Carmono Company } \\ \multicolumn{1}{|c|}{ Statement of Cash Flows } \\ \hline For This Year Ended December 31 & \\ \hline Operating activities: & & \\ \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline \hline \end{tabular} Compute Carmono's free cash flow for this year. (Negative amount should be indicated b intermediate calculations and final answer to 2 decimal places.)
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