P4-6 Finding operating and free cash flows Consider the following balance shects and selected data from the income statement of Keith Corporation Keith Corporation Balance Sheets December 31 Assets Cash Marketable securities Accounts receivable Inventories 2015 S 1,500 1,800 2,000 2014 S 1,000 1,200 1,800 2.900 2,800 8.200 6,800 $28,100 Total current assets $29,500 14,700 $14,800 $23,000 Gross fixed assets Less: Accumulated depreciation Net fixed assets 4,800$15,000 S15,000 Total assets $21,800 Liabilities and stockholders' equity Accounts payable Notes payable Accruals S 1,600 2,800 200 S 4,600 5,000 $ 1,500 2,200 300 $ 4,000 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings S9,600 9,000 $10,000 $10,000 Total stockholders' equity Total liabilities and stockholders' equity $12,800 $21,800 $13,400 S23,000