Please answer the question marked incorrect.

Current Attempt in Progress Presented below are the financial statements of Splish Brothers Company Splish Brothers Company Comparative Balance Sheets December 31 Assets 2017 Cash $ 75,950 Accounts receivable 43,400 Inventory 60,760 Property, plant, and equipment 130,200 Accumulated depreciation (69.440) Total $240,870 2016 $43.400 30,380 43,400 169.260 (52.080) $234,360 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $41,230 15.190 36,890 39,060 108,500 $240,870 $ 32,550 17.360 71,610 30,380 82.460 $234,360 Splish Brothers Company Income Statement For the Year Ended December 31, 2017 Sales revenue $525.140 Cost of goods sold 379,750 Gross profit 145,390 Selling expenses $39,060 O Question 1 of 2 0.46 / 1 Splish Brothers Company Income Statement For the Year Ended December 31, 2017 Sales revenue $525.140 Cost of goods sold 379.750 Gross profit 145,390 Selling expenses $39,060 Administrative expenses 13,020 52,080 Income from operations 93,310 Interest expense 6,510 Income before income taxes 86,800 Income tax expense 17,360 Net income $69,440 Additional data: 2. 3. Depreciation expense was $37.975. Dividends declared and paid were $43,400. During the year equipment was sold for $18.445 cash. This equipment cost $39,060 originally and had accumulated depreciation of $20,615 at the time of sale. Cash at End of Period 75950 e Textbook and Media X Your answer is incorrect. Compute free cash flow. (Show a negative free cash flow with either a-sign e.g.-15,000 or in parenthesis es. (15,000.) Free cash flow $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer O Si E g