*Practice Do It! Review 02 Monty Corp. issued the following statement of cash flows for 2020. Monty Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Loss on disposal of plant assets Increase in inventory Decrease in accounts receivable Decrease in accounts payable Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities $56,200 $8,900 8,300 (4,800) 3,100 (2,700) 12,800 69,000 2,800 (26,000) (23,200) Cash flows from financing activities Issuance of stock 19,500 Payment on long-term note payable (12,000) Payment for dividends (17,300) Net cash used by financing activities (9,800) Net increase in cash 36,000 Cash at beginning of year 13,100 provided by operating activities: Depreciation expense Loss on disposal of plant assets Increase in inventory $8,900 Decrease in accounts receivable Decrease in accounts payable Net cash provided by operating activities 8,300 (4,800) 3,100 (2,700) 12,800 69,000 Cash flows from investing activities Sale of investments 2,800 Purchase of equipment (26,000) Net cash used by investing activities (23,200) Cash flows from financing activities Issuance of stock 19,500 Payment on long-term note payable (12,000) Payment for dividends (17,300) Net cash used by financing activities (9,800) Net increase in cash 36,000 Cash at beginning of year 13,100 Cash at end of year $49,100 (a) Compute free cash flow for Monty Corp.. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) st Free cash flow 69