Comparative financial statement data for Carmono Company follow st Yea ear Assets Cash and cash equivalents Accounts receivable Inventory Total current assetS Property, plant, and equipment 29.00 73.00 118.20 220.20 224.00 43.20 180.80 $401.00 15.00 80.00 130.00 225.00 276.00 57.60 218.40 Less accumulated depreciation Net property, plant, and equipment Total assets $443.40 Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings 78.00 178.00 61.00 136.00 187.40204.00 $401.00 $443.40 Total liabilities and stockholders' equity For this year, the company reported net income as follows $1,600.00 960.00 640.00 620.00 s 20.00 Sales Cost of goods sold Gross margin Selling and administrative expenses Net income This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during t company did not repurchase any of its own stock this year 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: Net income Adjustments to convert net income to a cash basis Increase in inventory 0.00 0.00 Investing activities 0.00 0.00 0.00 Beginning cash and cash equivalents Fndino cash and cash enuivalents 0.00 sh 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 Complete this question by entering your answers in the tabs below. Required 2 Required 1 Compute Carmono's free cash flow for this year. (Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to 2 decimal places.) fow