omparative financial statement data for Carmono Company follow:

This Year Last Year

Assets

Cash and cash equivalents $ $19\mathrm{.}00$ $ $37\mathrm{.}00$

Accounts receivable $96\mathrm{.}0089\mathrm{.}00$

Inventory $150\mathrm{.}00139\mathrm{.}00$

Total current assets $265\mathrm{.}00265\mathrm{.}00$

Property, plant, and equipment $300\mathrm{.}00240\mathrm{.}00$

Less accumulated depreciation $64\mathrm{.}0048\mathrm{.}00$

Net property, plant, and equipment $236\mathrm{.}00192\mathrm{.}00$

Total assets $ $501\mathrm{.}00$ $ $457\mathrm{.}00$

Liabilities and Stockholders$$ Equity

Accounts payable $ $90\mathrm{.}00$ $ $69\mathrm{.}00$

Common stock $210\mathrm{.}00160\mathrm{.}00$

Retained earnings $201\mathrm{.}00228\mathrm{.}00$

Total liabilities and stockholders$$ equity $ $501\mathrm{.}00$ $ $457\mathrm{.}00$

For this year, the company reported net income as follows:

Sales $ $2,000\mathrm{.}00$

Cost of goods sold $1,200\mathrm{.}00$

Gross margin $800\mathrm{.}00$

Selling and administrative expenses $780\mathrm{.}00$

Net income $ $20\mathrm{.}00$

This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock.

Required:

Using the indirect method, prepare a statement of cash flows for this year.

Compute Carmono$$s free cash flow for this year.