please compute free cash flow

Presented below are the financial statements of Skysong Company. Skysong Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 45,500 $26,000 Accounts receivable 26,000 18,200 Inventory 36,400 78,000 26,000 101,400 Property, plant, and equipment Accumulated depreciation (41,600) (31,200) Total $144,300 $140,400 Liabilities and Stockholders' Equity Accounts payable $24.700 $ 19,500 Income taxes payable 10.400 9,100 22.100 Bonds payable 42.900 Common stock 23.400 18.200 Retained earnings 65.000 49.400 Total $144,300. $140.400 Skysong Company Income Statement For the Year Ended December 31, 2022 Sales revenue $314,600 227,500 Cost of goods sold Gross profit 87,100 Selling expenses $23,400 7,800 Administrative expenses Income from operations 31,200 55,900 3,900 52,000 Interest expense Income before income taxes Income tax expense 10,400 $ 41.600 Net income Additional data: 1. Depreciation expense was $22.750. 2. Dividends declared and paid were $26.000 3. During the year equipment was sold for $11.050 cash. This equipment cost $23.400 originally and had accumulated depreciation of $12.350 at the time of sale. Your answer is correct. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis cs. (15,000).) Skysong Company Statement of Cash Flows For the Year Ended December 31, 2022 - Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities 8 Depreciation Expense 8 Increase in Accounts Receivable 8 Increase in Inventory 8 increase in Accounts Payable ! 8 Decrease in Income Taxes Payable 8450 Net Cash Provided by Operating Activities 50050 Cash Flows from Investing Activities Sale of Equipment 11050 Cash Flows from Financing Activities Payment of Dividends -26000 Redemption of Bonds 20800 Issuance of Common Stock 5200 -41600 Net Cash used by Financing Activities Net Increase in Cash 19500 Cash at Beginning of Period 26000 Cash at End of Period 45500 Compute free cash flow. (Show a negative free cash flow with either a - sign e.g.-15,000 or in parenthesis eg. (15,000).) Free cash flow $