JASPER COMPANY

Balance Sheets as of December $31,2022$ and $2021$

Assets

$20222021$

Cash $ $405$ $$310$

Accounts receivable $3\mathrm{.}0552,640$

Inventory $3,8503,275$

Property, plant, and equipment $($net$)10,67010,960$

Total $$17,980$ $$17,185$

Liabilities and Stockholder$$s Equity

$20222021$

Accounts payable $ $2,570$ $ $2,720$

Current portion of long$-$term debt payable $0100$

Long$-$term debt $8,1007,875$

Common stock $5,2505,000$

Retained earnings $2,0601,490$

Total $$17,980$ $$17,185$

JASPER COMPANY

$2022$ Income Statement

Sales $$9,610$

Cost of goods sold $6,310$

Gross profit $3,300$

Depreciation expense $1,370$

Earnings before interest and taxes $1,930$

Interest expense $630$

Earnings before taxes $1,300$

Income tax expense $455$

Net income $$845$

a$.$ Considering the left$-$hand side of the cash flow identity $($cash flows from assets associated with investment activities$),$ determine Jasper Company$$s free cash flow $($FCF$)$ for the year $2022.$