Compute the firm's free cash flows for the year 2016 from: (1) an asset perspective and (2) a financing perspective. What does these computations tell us about the firm?

2002 2003 Mahomes Corporation ASSETS Cash and cash equivalents Accounts receivable, net Inventories Total Current Assets Land Buildings and equipment Less: allowance for depreciation Total fixed assets $9,000.00 $12,500.00 $29,000.00 $50,500.00 $20,000.00 $70,000.00 -$28,000.00 $62,000.00 $112,500.00 $500.00 $16,000.00 $45,500.00 $62,000.00 $26,000.00 $100,000.00 $38,000.00 $88,000.00 $150,000.00 Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Accounts payable Bank notes Total Current Liabilities Long-term debt, net Common stock Retained earnings Total Liabilities and Equity $10,500.00 $17,000.00 $27,500.00 $28,750.00 $31,500.00 $24,750.00 $112,500.00 $22,000.00 $47,000.00 $69,000.00 $22,950.00 $31,500.00 $26,550.00 $150,000.00 2002 2003 $125,000.00 $75,000.00 $50,000.00 $160,000.00 $96,000.00 $64,000.00 Mahomes Corporation Net sales Cost of sales Gross profit Operating expenses Fixed cash operating expense Variable operating expense Depreciation Total operating expense Earnings before interest and taxes Interest expense, net Earnings before taxes Taxes $21,000.00 $12,500.00 $4,500.00 $38,000.00 $12,000.00 $3,000.00 $9,000.00 $4,500.00 $4,500.00 $21,000.00 $16,000.00 $10,000.00 $47,000.00 $17,000.00 $6,100.00 $10,900.00 $5,450.00 $5,450.00 Net income