Net Income was $98,000 Depreciation expense was $32,000 Cash Dividends of $40,000 were declared and paid Common Stock was issued for $42,000 cash New Equipment was purchased for $65,000 in cash Equipment with a book value of $15,000 was sold for $10,000. A $5000 loss on disposal was incurred. Land was sold for its book value (at cost of $27,000 Prepare a statement of cash flows using the indirect method. Calculate the "Free Cash Flow" for this company