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Question 43 (6 points) Consider the financial statements shown below: RSO Enterprises: Balance Sheet Assets 2018 Cash 8,200 Accounts Receivable 18,500 Inventory 20,500 Other Current

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Question 43 (6 points) Consider the financial statements shown below: RSO Enterprises: Balance Sheet Assets 2018 Cash 8,200 Accounts Receivable 18,500 Inventory 20,500 Other Current Assets 4,500 Total Current Assets 51,700 Net Property, Plant, and Equipment 45,000 Total Assets 96,700 2019 9,500 20,700 22,400 4,200 56,800 47,000 103,800 Liabilities and Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long-term Bonds Total Liabilities Common Stock Retained Earnings Total Liabilities & Stockholders' Equity 8,500 12,500 10,800 31,800 40,000 71,800 20,000 4,900 96,700 9,200 9,900 11,600 30,700 45,000 75,700 20,000 8,100 103,800 RSO Enterprises Income Statement, for year ended 12/31/2019 Sales Revenue 80,000.00 Cost of Goods Sold 35,000.00 Operating Expenses 10,000.00 Depreciation 8,000.00 Operating Income 27,000.00 Interest Expense 5,000.00 Earnings Before Taxes 22,000.00 Taxes (25%) 5,500.00 Net Income 16,500.00 What is the company's free cash flow in 2019? $6,775 $14,650 $22,650 $8,400

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