Presented here are the financial statements of Lily Company. Common stock \begin{tabular}{rr} 18,300 & 13,300 \\ 48,200 & 43,800 \\ \hline$129,000 & $113,400 \\ \hline \hline \end{tabular} LILY COMPANY Income Statement For the Year Ended December 31, 2022 Sales revenue $242,400 Cost of goods sold Gross profit 65,600176,800 Selling expenses $17,550 \( \begin{array}{lrrr}\text { Administrative expenses } & 5,850 & & 23,400 \\ { } } & & 42,200\end{array} \) InterestexpenseIncomebeforeincometaxes3,00039,200 Income tax expense Net income $31,3607,840 Additional data: 1. Depreciation expense was $14,700. 2. Dividends declared and paid were $26,960. 3. During the year, equipment was sold for $9,800 cash. This equipment originally cost $18,400 and had accumulated depreciation of $8,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Financing Activities Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Payment of Dividends Redemption of Bonds Issuance of Common Stock Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free Cash Flow \$