Comparative financial statement data for Carmono Company follow This Year Last Year Assets Cash Accounts receivable Tnventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders Equity Accounts payable Common stock Retained earnings Total linbilities and stockholders equity $ 22 se 75 240 65 125 $ 250 $6 24 40 70 2014 50 150 220 $40 150 60 $250 $36 145 39 $ 220 For this year, the company reported net income as follows: * 275 150 125 Sales Cost of goods sold Gross margin Selling and administrative expenses Net income 90 $ 35 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 Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities Net income Adjustments to convert gross margin to a cash basis: Decrease in accounts receivable Decrease in inventory Decrease in accounts receivable Decrease in accounts payable Decrease in accounts receivable Net cash provided by operating activities Investing activities: Decrease in inventory Decrease in accounts payable Net cash provided by investing activities Financing activities Cash dividends Decrease in accounts payable Decrease in accounts receivable Net cash provided by financing activities 0 0 0 0 0 0 Adjustments to convert gross margin to a cash basis: Decrease in accounts receivable Decrease in inventory Decrease in accounts receivable Decrease in accounts payable Decrease in accounts receivable Net cash provided by operating activities Investing activities: Decrease in inventory Decrease in accounts payable Net cash provided by investing activities Financing activities: Cash dividends Decrease in accounts payable Decrease in accounts receivable Net cash provided by financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 0 0 0 $ 0 Required 2 > 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Carmono's free cash flow for this year. (Negative amount should be indicated by a minus sign.) Free cash flow