Presented here are the financial statements of Crane Company.

Additional data:

Depreciation expense was $$29,750.$

Dividends declared and paid were $$34,000.$

During the year, equipment was sold for $$14,450$ cash. This equipment originally cost $$30,600$ and had accumulated

depreciation of $$16,150$ at the time of sale.

Bonds were redeemed at their carrying value.

Common stock was issued at par for cash.

$($b$)$

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 $