Kyle plans to purchase a truck for $23,000 and a forklift for $119,000 next year. In addition it plans to pay cash dividends of $2500. Assuming Kyle plans similar activity for 2017, what would be the amount of free cash flow?

Reference Year Ended December 31, 2016 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities 115,000 Depreciation Expense Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salaries Payable 50,000 (6,000) 6,000 7,000 (3,000) 54,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities 169,000 (95,000) (20,000) Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities (115,000) Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock (56,000) (8,000) 15,000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2015 Cash Balance, December 31, 2016 (49,000) 5,000 17,000 22,000 Print Done Kyler Exerci ' (Clik the i on to view th ise Equipment Inc. repored the oloaing sistement of ceeh nows fr 2015 ststemert of ceh novrs) Ky er plans purchase a uck or $23,000 nd urkift r $1 19 000 next year. In add on plans to pay cash d dends o S2 500 Assuming uler plans smlar acti ror 2017. what would be the amount af ree cas faw? ( breviations used. Cash p ts or planned m est. Cash par ments or plam investme Free cash low Select the labels and enter the amounts to calculate Kyler's free cash flow for 2017 - Free cash flow