Muldur Corporation's comparative balance sheets are presented below.

MULDUR CORPORATION
Comparative Balance Sheets
December 31
	2012		2011
Cash	$ 15,200		$ 17,700
Accounts receivable	25,200		22,300
Investments	20,000		16,000
Equipment	60,000		70,000
Accumulated depreciation	(14,000)		(10,000)
Total	$106,400		$116,000
Accounts payable	$ 14,600		$ 11,100
Bonds payable	10,000		30,000
Common stock	50,000		45,000
Retained earnings	31,800		29,900
Total	$106,400		$116,000

Additional information:

1. Net income was $18,300. Dividends declared and paid were $16,400.
2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.
3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2012 using the indirect method.

Compute free cash flow