Exercise 5-15

Presented below is a condensed version of the comparative balance sheets for Teal Corporation for the last two years at December 31.

		2017			2016
Cash		$ 362,850			$ 159,900
Accounts receivable		369,000			379,250
Investments		106,600			151,700
Equipment		610,900			492,000
Accumulated Depreciation-Equipment		(217,300	)		(182,450	)
Current liabilities		274,700			309,550
Common stock		328,000			328,000
Retained earnings		629,350			362,850

Additional information: Investments were sold at a loss of $20,500; no equipment was sold; cash dividends paid were $61,500; and net income was $328,000.

Prepare a statement of cash flows for 2017 for Teal Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Determine Teal Corporations free cash flow.

Free cash flow

$