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Presented here are the financial statements of Bonita Company. Additional data: 1. Depreciation expense was $16,100. 2. Dividends declared and paid were $23,700. 3. During
Presented here are the financial statements of Bonita Company. Additional data: 1. Depreciation expense was $16,100. 2. Dividends declared and paid were $23,700. 3. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,700 and had accumulated depreciation of $10,100 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. 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 inventory purchases are on account. ^ s s7uamked yses $ ^ NNYdWOS VIINOG Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Freecashflow $ eTextbook and Media Attempts: 0 of 5 used
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