I ONLY NEED PART 2:

Presented here are the financial statements of Crane Company.

CRANE COMPANY Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$36,000			$19,000
Accounts receivable		32,000			18,000
Inventory		29,000			20,000
Property, plant, and equipment		59,000			77,000
Accumulated depreciation		(29,000)			(23,000)
Total		$127,000			$111,000
Liabilities and Stockholders Equity
Accounts payable		$28,000			$ 16,000
Income taxes payable		7,000			8,000
Bonds payable		26,000			32,000
Common stock		17,000			13,000
Retained earnings		49,000			42,000
Total		$127,000			$111,000

CRANE COMPANY Income Statement For the Year Ended December 31, 2022
Sales revenue				$241,000
Cost of goods sold				175,000
Gross profit				66,000
Selling expenses		$17,250
Administrative expenses		5,750		23,000
Income from operations				43,000
Interest expense				2,000
Income before income taxes				41,000
Income tax expense				8,200
Net income				$32,800

Additional data:

1.		Depreciation expense was $15,400.
2.		Dividends declared and paid were $25,800.
3.		During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,000 and had accumulated depreciation of $9,400 at the time of sale.
4.		Bonds were redeemed at their carrying value.
5.		Common stock was issued at par for cash.

(b)

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Your answer is incorrect.

Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Free Cash Flow