Lily Corporation's comparative balance sheets are presented below. LILY CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14,600 $10,200 Accounts receivable 20,700 23,100 Land 20,100 25,700 Buildings 69,500 69,500 Accumulated depreciation-buildings (15,000) (10,900) Total $109,900 $117,600 Accounts payable $12,800 $30,600 Common stock 74,200 68,100 Retained earnings 22,900 18,900 Total $109,900 $117,600 Additional information: 1. Net income was $22,600. Dividends declared and paid were $18,600. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,700. LILY CORPORATION Statement of Cash Flows Adjustments to reconcile net income to > > $ $ (b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow Save for Later $ Attempts: 0 of 1 used Submit