i also need to know what the free cash flow is
= View Policies Current Attempt in Progress The following are the financial statements of Nosker Company NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $34,000 Accounts receivable 32,000 Inventory 26,000 Equipment 59.000 Accumulated depreciation-equipment 129.000) Total $122.000 2019 $19.000 14,000 20,000 77.000 (23,000) $107.000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,000 7,000 26,000 17,000 44,000 $122,000 $ 16,000 8,000 32,000 13,000 38,000 $107.000 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue $241,000 Cost of goods sold 175,000 Gross profit 66.000 Operating expenses 23,000 Income from operations 43,000 Interest expense 2.000 Income before income taxes 41,000 Income tax expense 7,000 Net income $34,000 Additional data: 1. 2. Dividends declared and paid were $28,000 During the year, equipment was sold for $7,500 cash. This equipment cost $18,000 originally and had a book value of $7.500 at the time of sale. All depreciation expense, $16,500, is in the operating expenses. All sales and purchases are on account. 3. (a Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.3.-15,000 or in parenthesis es. (15,000).) NOSKER COMPANY Statement of Cash Flows Cash Flows from Operating Activities Net Income 34000 Adjustments to reconcile net income to 16500 (18000) 16000 12000 (1000) 3500 37500 7500 7500 4000 (60001 1280001 7500 $ Save for later Last saved 15 minutes ago Saved work will be auto-submitted on the due date. Attempts: 0 of 2 used Submit Answer th Prepare a statement of Cousing 2.3.-15.000 or in parenthesis (15,000) NOSKER COMPANY Statement of Cash Flows Cash Flows from Operating 34000 Net Income Adjustments to reconcile net income to $ 16500 118000 : 000 12000 11000) 3500 37500 7500 Increase in Inventory 7500 Increase in Accounts Payable Purchase of Equipment Redemption of Bonds For Income Taxes 4000 For Operating Expenses 16000 Payment of Dividends Decrease in Accounts Payable 0280001 Issuance of Common Stock 7500 Redemption of Common Stock Issuance of Bonds Decrease in Accounts Receivable Depreciation Expense For Interest Sale of Equipment To Suppliers Increase in Accounts Receivable Decrease in Inventory Attempts of used Decrease in Income Taxes Payable Net Income Increase in Income Taxes Payable L Sale of Bonds The parts of this question must be completed in order. This part will be avait when you complete the above
