ons b. Compute free cash flo P17.9 (LO 2) Condensed financial data of Sinjh SA follow. wadus- Sinjh SA Comparative Statements of Financial Position December 31 Assets 2020 2019 Todan Equipment 265,000 242,500 Accumulated depreciation equipment (47.000) (52,000) Long-term investments 140,000 114,000 Prepaid expenses 29,300 26,000 Inventory 112,500 102.850 Accounts receivable 92,800 33,000 Cash 100.350 48,400 692,950 514,750 Total Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable 220,000 234,450 110,000 112.000 16,500 692,950 175.000 105,450 150,000 67,300 17.000 514.750 Total Sinjh SA Income Statement For the Year Ended December 31, 2020 392,780 5,000 397,780 Sales revenue Gain on disposal of plant assets Less: Cost of goods sold 135,460 Operating expenses, excluding depreciation Depreciation expense (WWW.M2 45,00019 thogaila Income tax expense 27,280 Interest expense 4,730 224,880 Net income 172.900 12,410 Additional information: 1. New equipment costing 80,000 was purchased for cash during the year. 2. Old equipment having an original cost of 57,500 and accumulated depreciation of 50,000 was sold for 12,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of 43,900 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. ils SA are presented in P17.9. Further analysis reveals that accounts payable Cash from operati Prepare a statement Instructions Cash from operat