During the year, Xero, Inc., experienced an increase in net fixed assets of

$299,000

and had depreciation of

$199,000.

It also experienced an increase in current assets of

$146,000

and an increase in accounts payable of

$70,000.

If operating cash flow

(OCF )

for the year was

$697,000,

calculate the firm's free cash flow

(FCF )

for the year.