Complete a statement of cash flow and find free cash flow

Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales revenue $363,000 Cost of goods sold 262,500 Gross profit 100,500 Selling expenses $27,000 Administrative expenses 9,000 36,000 Income from operations 64,500 Interest expense 4,500 Income before income taxes 60,000 Income tax expense 12,000 Net income $ 48,000 Additional data: 1. Depreciation expense was $26,250. 2. Dividends declared and paid were $30,000. 3. During the year equipment was sold for $12,750 cash. This equipment cost $27,000 originally and had accumulated depreciation of $14,250 at the time of sale. MacBook Pro Compute free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ MacBook Pro Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales revenue $363,000 Cost of goods sold 262,500 Gross profit 100,500 Selling expenses $27,000 Administrative expenses 9,000 36,000 Income from operations 64,500 Interest expense 4,500 Income before income taxes 60,000 Income tax expense 12,000 Net income $ 48,000 Additional data: 1. Depreciation expense was $26,250. 2. Dividends declared and paid were $30,000. 3. During the year equipment was sold for $12,750 cash. This equipment cost $27,000 originally and had accumulated depreciation of $14,250 at the time of sale. MacBook Pro Compute free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ MacBook Pro