please do the free cash flow part only

Sandhill Shoes comparative balance sheet is presented below. Sandhill reports under ASPE SANDHILL SHOES Balance Sheet December 31 Assets 2021 2020 Cash $32.712 $20,532 Accounts receivable 28,072 25868 Long-term investments 26,680 18,560 69.600 81.200 (16,240 (11.600) $140824 $134 560 Equipment Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity Accounts payable Notes payable Common shares Retained earnings Total 512876 $22,736 11,600 34800 52 200 69,600 36.888 34 684 $134,560 $140 824 1 Additional Information: Profit was $32.828. Dividends declared and paid were $30.624. Equipment that cost $11.600 and had accumulated depreciation of $1.392 was sold for $4,988 All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation 2 3 Prepare a statement of cash flows for 2021 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000) SANDHILL SHOES Cash Flow Statement - Indirect Method Year Ended December 31, 2021 Operating Activities Profit 32828 Adjustments to reconcile profit to Net Cash Provided by Operating Activities Depreciation Expense $ 6032 Loss on Disposal 5220 increase in Accounts Receivable -2204 Increase in Accounts Payable 9860 18908 Net Cash Provided by Operating Activities 51736 Investing Activities Purchase of Investments $ -8120 Sale of Equipment 4988 Net Cash Used by Investing Activities -3132 Financing Activities Investing Activities -8120 Purchase of investments $ 4988 Sale of Equipment -3132 Net Cash Used by Investing Activities Financing Activities -23200 Repayments of Notes Payable Dividends Paid -30624 17400 Issuance of Common Shares -36424 Net Cash Used by Financing Activities 12180 Net Increase in Cash 20532 Cash Jan 1 32712 Cash Dec 31 * Your answer is incorrect. Calculate free cash flow. (Show amounts that decrease cash flow with either a-signeg.-15,000 or in parenthesis eg. (15,000 Free cash flow 21112