E12.13 (LO 3), AN Information for two companies in the same industry, Merrill Corporation and Wingate Corporation, is presented here. Compare free cash flow of two companies. Merrill Wingate Corporation Corporation Net cash provided by operating activities $ 80,000 $100,000 Average current liabilities 50,000 100,000 Net income 200,000 200,000 Capital expenditures 40,000 70,000 Dividends paid 5,000 10,000 Instructions Compute free cash flow for both companies and compare