Obermeyer Corporation issued the following statement of cash flows for 2017. a) Compute free cash flow for Obermeyer Corporation.

actice Assignment Gradebook ORION nment OBERMEYER CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31. 2017 Cash flows from operating activities Net income $55,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9,100 Loss on disposal of equipment 8,500 Increase in inventory (4,800) Decrease in accounts receivable 3,100 Decrease in accounts payable (2,500) 13,400 Net cash provided by operating activities 68,400 Cash flows from investing activities Sale of investments 3,000 Purchase of equipment (26.800) (23,800) Net cash used by investing activities Cash flows from financing activities 19,100 Issuance of stock (12,600) Payment on long-term note payable (18,400) Payment for dividends (11,900) Net cash used by financing activities 32,700 Net increase in cash 11,100 Cash at beginning of year $43,800 Cash at end of year (a) Compute free cash flow for obermeyer Corporation. (Enter megative amoun