Compute the free cash flow for Whispering Winds Corp.

Whispering Winds Corp. issued the following statement of cash flows for 2019. Whispering Winds Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2019 Cash flows from operating activities Net income $55,500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9,200 Loss on disposal of plant assets Increase in inventory 8,800 (4,700) Decrease in accounts receivable 3,100 Decrease in accounts payable (2,300) 14,100 Net cash provided by operating activities Cash flows from investing activities 69,600 Sale of investments 3,200 Purchase of equipment (25,300) Net cash used by investing activities (22,100) Cash flows from financing activities Issuance of stock 19,000 Payment on long-term note payable (11,300) Payment for dividends (17,300) Net cash used by financing activities (9,600) Net increase in cash 37,900 Cash at beginning of year 13,700 Cash at end of year $51,600