Kramerica manufactures and sells office printers. Kramerica's 2019 income statement and its 2018 and 2019 year end balance sheets can be seen below. Calculate Kramerica's free cash flow for 2019 from the information below. Note: Kramerica purchased $1,500 of equipment during 2019. 9 Points Kramerica, Inc. reported the following in its 2019 year end financial statements. Kramerica, Inc. Income Statement 2019 Revenue 140,000 Cost of Revenue 36,000 Gross Profit 104,000 R&D 21,000 Sales & Marketing 32,000 G&A 11,000 Total Operating Expenses 64,000 EBIT 40,000 Interest Expense 5,000 EBT 34,000 Taxes 10,200 Net Income 23,800 Kramerica, Inc. Kramerica, Inc. Balance Sheet Balance Sheet 2018 2019 2018 2019 Cash 11,000 18,000 Interest payable 4,000 5,000 Short-term marketable securities 5,000 3,000 Accounts payable 8,000 ,000 Accounts receivable, net 5,000 9,000 Short-Term Debt 2,000 3,000 Inventory 2,000 1,500 Total current liabilities 14,000 15,000 Total current assets 24,000 36,500 Long-term debt 8,000 ,600 Net plant and equipment 4,000 ,500 Long-term operating liabilities 2,000 4,000 Total Liabilities 24,000 28,600 Long-term operating assets 2,000 5,000 Long-term marketable securities 1,000 2,000 Common Stock 100 100 Total Assets 31,000 48,000 Retained earnings 6,900 19,300 Total Equity 7,000 19,400 Total Liabilities & equity 31,000 48,000