Do It! Review 12-3 Edelman Corporation issued the following statement of cash flows for 2014. EDELMAN CORPORATION Statement of Cash FlowsIndirect Method For the Year Ended December 31, 2014 Cash flows from operating activities Net income $107,380 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $ 16,562 Decrease in accounts receivable 17,290 Increase in inventory (9,100 ) Decrease in accounts payable (4,004 ) Loss on disposal of plant assets 6,006 26,754 Net cash provided by operating activities 134,134 Cash flows from investing activities Sale of investments 5,642 Purchase of equipment (44,044 ) Net cash used by investing activities (38,402 ) Cash flows from financing activities Issuance of stock 36,400 Payment on long-term note payable (18,200 ) Payment for dividends (23,660 ) Net cash used by financing activities (5,460 ) Net increase in cash 90,272 Cash at beginning of year 23,660 Cash at end of year $113,932 (a) Compute free cash flow for Edelman Corporation. Free cash flow for Edelman Corporation $