Comparative financial statement data for Carmono Company follow: This Year Last Year Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment 17.50 90.00 142.50 250.00 291.00 61.60 229.40 $479.40 34.00 83.00 131.20 248.20 234.00 46.20 187.80 $436.00 Less accumulated depreciation Net property, plant, and equipment Total assets 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