LALREIJL RUFICPAI JALGUICULULUS V IGELUSTIVELOR LO LOJ Comparative financial statement data for Carmono Company follow: This Year Last Year 70 200 Assets Cash and cash equivalents Accounts receivable Inventory ......... Total current assets Property, plant, and equipment ............ Less accumulated depreciation Net property, plant, and equipment ....... Total assets... Liabilities and Stockholders' Equity Accounts payable... Common stock ......... Retained earnings .............. Total liabilities and stockholders' equity ...... 50 150 $220 $250 $ 40 150 60 $ 36 145 $250 $220 For this year, the company reported net income as follows: Sales ........................ Cost of goods sold ........ Gross margin .. Selling and administrative expenses penses .......... Net income ... $275 150 125 90 $ 35 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year