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

$303,000

and had depreciation of

$198,000.

It also experienced an increase in current assets of

$145,000

and an increase in accounts payable of

$74,000.

If operating cash flow

(OCF )

for the year was

$704,000,

calculate the firm's free cash flow

(FCF )

for the year.