E5-15 (Preparation of a Statement of Cash Flows) Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31. Additional information: Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000. Instructions (a) Prepare a statement of cash flows for 2010 for Sondergaard Corporation. (b) Determine Sondergaard Corporation's free cash flow