Marin OAO issued the following statement of cash flows for $2020.$

Marin OAO

Statement of Cash Flows$-$Indireet Method

For the Year Ended December $31,2020$

Cash flows from operating activities

Net income

$58,600$

Adjustments to reconcile net income to net cash

provided by operating activities:

Depreciation expense $9,200$

Loss on disposal of plant assets $8,800$

Decrease in accounts receivable

$3,400$

Increase in inventory

$(4,900)$

Decrease in accounts payable

$\frac{(2,700)}{72,400}$

Cash flows from investing activities

Sale of investments $3,100$

Purchase of equipment

$(27,400)$

Net cash used by investing activities

$(24,300)$

Cash flows from financing activities

Issuance of shares

$19,500$

Payment on long$-$term note payable

$(11,500)$

Payment for dividends $q,$

Net cash used by financing activities

$(9,600)$

Net increase in cash

Cash at beginning of year

$38,500$

Cash at end of year

$\frac{11,800}{50,300}$

$($a$)$

Compute free cash flow for Marin. $($Enter negative amount using either a negative sign preceding the number e$.$g$.-45$ on parentheses e$.$g$.(45).)$