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Comparative financial statement data for Carmono Company follow: For this year, the company reported net income as follows: This year Carmono declared and paid a
Comparative financial statement data for Carmono Company follow: 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. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Carmono Company } \\ \hline \multicolumn{2}{|c|}{ For This Year Ended December 31 } & \\ \hline Operating activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Investing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Financing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & 0.00 \\ \hline Beginning cash and cash equivalents & & \\ \hline Ending cash and cash equivalents & & \\ \hline \end{tabular} Required 1 Required 2 Compute Carmono's free cash flow for this year. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.)
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