income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms$.$ Walker.

The following additional information is available for this year

a$.$ The company declared and paid a cash dividend.

b$.$ Equipment was sold during the year for $$60,800.$ The equipment originally cost $$132,000$ and had accumulated depreciation of $$61,000.$

c$.$ Long$-$term investments that cost $$72,000$ were sold during the year for $$102,500.$

d$.$ The company did not retire any bonds payable or repurchase any of its common stock.

Required:

Using the indirect method, compute the net cash provided by$/$used in operating activities for this year.

Prepare a statement of cash flows for this year.

Compute free cash flow for this year.