Comparative financial statement data for Carmono Company follow: This Year Last Year Assets Cash Accounts receivable Inventory Total current assets. Property, plant, and equipment Less accumulated depreciation $17.50 90.00 $ 34.00 83.00 142.50 131.20 250.00 248.20 291.00 234.00 61.60 46.20 Net property, plant, and equipment 229.40 Total assets $ 479.40 187.80 $436.00 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 85.50 198.00 195.90 $479.40 $66.00 151.00 219.00 $ 436.00 Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income $ 1,850.00 1,110.00 740.00 720.00 $ 20.00 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.