Presented below are the financial statements of Martinez Company.

Martinez Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$ 66,500			$ 38,000
Accounts receivable		38,000			26,600
Inventory		53,200			38,000
Property, plant, and equipment		114,000			148,200
Accumulated depreciation		(60,800	)		(45,600	)
Total		$210,900			$205,200
Liabilities and Stockholders Equity
Accounts payable		$ 36,100			$ 28,500
Income taxes payable		13,300			15,200
Bonds payable		32,300			62,700
Common stock		34,200			26,600
Retained earnings		95,000			72,200
Total		$210,900			$205,200

Martinez Company Income Statement For the Year Ended December 31, 2022
Sales revenue				$459,800
Cost of goods sold				332,500
Gross profit				127,300
Selling expenses		$34,200
Administrative expenses		11,400		45,600
Income from operations				81,700
Interest expense				5,700
Income before income taxes				76,000
Income tax expense				15,200
Net income				$ 60,800

Additional data:

1.		Depreciation expense was $33,250.
2.		Dividends declared and paid were $38,000.
3.		During the year equipment was sold for $16,150 cash. This equipment cost $34,200 originally and had accumulated depreciation of $18,050 at the time of sale.

Further analysis reveals the following.

1.		Accounts payable pertain to merchandise suppliers.
2.		All operating expenses except for depreciation were paid in cash.
3.		All depreciation expense is in the selling expense category.
4.		All sales and purchases are on account.

MARTINEZ COMPANY
STATEMENT OF CASH FLOWS (USING INDIRECT METHOD)
FOR THE YEAR ENDED DECEMBER 31,2022
Particulars		Amount
		$
Cash flow from operating activities
Cash Flow from Operating activities
Cash received from customers	($459800-$26600-$38000)	448400
Cash paid to suppliers	($332500+$53200-$38000+$28500-$36100)	-340100
Cash paid for selling expenses	($34200-$33250)	-950
Cash paid for income taxes	($15200+$15200-$13300)	-17100
Cash paid for administrative expenses		-11400
Cash paid for interest expenses		-5700
Net cash flow from operating activities (a)		73150
Cash Flow from Investing activities
Old equipment sold		16150
Net cash Flow from Investing activities (b)		16150
Cash Flow from Financing activities
Cash dividends paid		-38000
Bonds payable paid		-30400
Common stock issued		7600
Net cash Flow from Financing activities (c)		-60800
Net Change in cash c=a+b+c		28500
Beginning cash balance		38000
Closing cash balance		66500

Question: Compute free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)