Lasso Publishing recently reported $15,500 of sales, $5,900 of operating costs other than depreciation, and $1,750 of depreciation. The company had $3,500 of bonds that carry a 9.25% interest rate, and its federalplus-state income tax rate was 25%. During the year, Lasso spent $2,750 on capital improvements. Lasso's net operating working capital remained constant last year. 3 points a. What was Lasso's net income last year? Hint: Use the simple interest equation to find the interest expense for the year: PRT Round to the nearest dollar amount. b. What was Lasso's free cash flow last year