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Please help solve this question Question 7 Obermeyer Corporation issued the following statement of cash flows for 2017. OBERMEYER CORPORATION Statement of Cash FlowsIndirect Method

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Question 7 Obermeyer Corporation issued the following statement of cash flows for 2017. OBERMEYER CORPORATION Statement of Cash FlowsIndirect Method For the Year Ended December 31, 2017 Cash flows from operating activities Net income $59,900 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9,000 Loss on disposal of equipment 8,800 Increase in inventory (4,700) Decrease in accounts receivable 3,000 Decrease in accounts payable {2.500) 13,600 Net cash provided by operating activities 73,500 Cash flows from investing activities Sale of investments 3,000 Purchase of equipment (26,700) Net cash used by investing activities (23,700) Cash flows from nancing activities Issuance of stock 18,400 Payment on long-term note payable (10,400) Payment For dividends (17,500) Net cash used by nancing activities (9,500) Net increase in cash 40,300 Cash at beginning of year 14,300 Cash at end of year $54,600 (8) Compute free cash ow for Obermeyer Corporation. (Enter negative amount using eithera negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash ow $

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