Comparative financial statement data for Carmono Company follow: This Year Last Year Assets Cash $ 12.50 $ 24.00 Accounts receivable 70.00 63.00 Inventory 117.50 105.20 Total current assets 200.00 192.20 Property, plant, and equipment 261.00 214.00 Less accumulated depreciation 53.60 40.20 Net property, plant, and equipment 207.40 173.80 $ $ Total assets 407.40 366.00 Liabilities and Stockholders' Equity Accounts payable $ 70.50 $ 56.00 Common stock 158.00 121.00 Retained earnings 178.90 189.00 Total liabilities and stockholders' $ $ equity 407.40 366.00 For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income $ 1,350.00 810.00 540.00 520.00 $ 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 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.) Show less Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Complete this question by entering your answers in the tabs below. Required Required 1 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.) Free cash flow