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Precented here are the financial statements of Shamrock Company. Liabilities and Stockholders' Equity begin{tabular}{|c|c|c|} hline Accounts payable & $38,000 & $30,000 hline Income taxes
Precented here are the financial statements of Shamrock Company. Liabilities and Stockholders' Equity \begin{tabular}{|c|c|c|} \hline Accounts payable & $38,000 & $30,000 \\ \hline Income taxes payable & 14,000 & 16,000 \\ \hline Bonds payable & 34,000 & 66,000 \\ \hline Common stock & 36,000 & 28,000 \\ \hline Retained earnings & 100,000 & 76,000 \\ \hline Total & $222,000 & $216,000 \\ \hline \end{tabular} Shamrock Company Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross profit Selling expenses $484,000 350,000 134,000 Additional data: 1. Depreciation expense was $35,000. 2. Dividends declared and paid were $40,000. 3. During the year, equipment was sold for $17,000 cash. This equipment originally cost $36,000 and had accumulated depreciation of $19,000 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Your answer is incorrect. Compute free cash flow. (Show amounts that decrease free cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Free cash flow $
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