Compute free cash flow.

Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $15,000 21,100 19,700 70,000 (15,300) $110,500 $10,700 23,900 25,900 70,000 (10,700) $119,800 Accounts payable Common stock Retained earnings $11,900 75,400 23,200 $110,500 $28,600 72,300 18,900 $119,800 Total Additional information: 1. Net income was $22,900. Dividends declared and paid were $18,600. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold for cash of $4,900