Determine Wildhorse Industries' $2025$ first$-$quarter net income. $($Ignore taxes.$)$

Net income $

$($b$)$

X Your answer is incorrect.

Determine free cash flow for Wildhorse Industries for the first quarter of $2025.$ In the first quarter, Wildhorse had

depreciation expense of $$166,000$ and a net increase in working capital $($change in accounts receivable and accounts

payable$)$ of $$247,000.$ In the first quarter, capital expenditures were $$535,000$; Wildhorse paid dividends of $$122,000.$