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7. Holmes Company expects the following for 2018: (Click the icon to view the information.) How much free cash flow does Holmes expect for 2018? (Abbreviations used: Cash pmts for planned invest. Cash payments for planned investments in long-term assets; NCOA Net cash provided by operating activities; NCFA Net cash provided by financing activities.) Free cash flow i More Info Net cash provided by operating activities of $102,000 Net cash provided by financing activities of $18,000. Net cash used for investing activities of $28,000 (no sales of long-term assets) Cash dividends paid to shareholders was $2,400. Print Done 10. Sturmer, Inc. had beginning retained earnings of $340,000 on January 1, 2018. During the year, Sturmer declared and paid $160,000 of cash dividends and earned $170,000 of net income. Prepare a statement of retained earnings for Sturmer, Inc. for the year ended December 31, 2018. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal Sturmer, Inc. Statement of Retained Earnings Year Ended December 31, 2018