Keyser Beverage Company reported the following items in the most recent year.

Net income $40,000 Dividends paid 5,000

Increase in accounts receivable 10,000, Increase in accounts payable 7,000 Purchase of equipment (capital expenditure) 8,000

Depreciation expense 4,000 Issue of notes payable 20,000

Compute net cash provided by operating activities and free cash flow.