determine the free cash flow

The following is a condensed version of the comparative balance sheets for Grouper Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated Depreciation Equipment Current liabilities Common stock Retained earnings 2020 $ 265,500 270,000 78,000 447,000 (159,000) 201,000 240,000 460,500 2019 $ 117,000 277,500 111,000 360,000 (133,500) 226,500 240,000 265,500 Additional information: Investments were sold at a loss of $15,000; no equipment was sold; cash dividends paid were $45,000; and net income was $240,000. GROUPER CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities 240000 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 25500 Loss on Sale of Investments 15000 Decrease in Current Liabilities (25500) Decrease in Accounts Receivable 7500 22500 Net Cash Provided by Operating Activities 262500 Cash Flows from Investing Activities Sale of Investments 18000 Sale of Investments 18000 Purchase of Equipment (87000) Net Cash Used by Investing Activities (69000) Cash Flows from Financing Activities Payment of Cash Dividends (45000) Net Increase in Cash 148500 Cash at Beginning of Year 117000 Cash at End of Year 265500 Determine Grouper Corporation's free cash flow. Free cash flow $ $