CORONADO COMPANY Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable $28,100$17,000 Income taxes payable 7,2008,300 Bonds payable 27,80033,000 Common stock 19,00014,800 Retained earnings Total CORONADO COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue $241,900 Cost of goods sold Gross profit 64,900177,000 Selling expenses $18,150 Administrative expenses Income from operations Additional data: 1. Depreciation expense was $17,400. 2. Dividends declared and paid were $20,980. 3. During the year, equipment was sold for $6,800 cash. This equipment originally cost $17,400 and had accumulated depreciation of $10,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg- 45 or parentheses eg. (45).) Free cash flow $