R Company has the following selected financial statement information: R Company 12/31/2017 & 12/31/2016 Balance sheet 12/31/17 12/31/16 30,000 90,000 270,000 230,000 600,000 600,000 Cash 20,000 110,000 Receivable Inventory Land 100,000 $150,000 200,000 100,000 Current Liabilities Long-term Liabilities 500,000 500,000 Common Stock Retained Earnings 200,000 200,000 R Company 2017 Income Statement Net Sales (all credit) Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income before taxes Income tax expense Net Income $800,000 500,000 300,000 270,000 30,000 5,000 25,000 10,000 15,000 R Company 2017 Cash Flow Statement Net Cash flow-Operating Activities Cash paid for Capital expenditures Cash paid for dividends Cash paid on bank loan $100,000 35,000 15,000 60,000 Compute R Company's 2017 free cash flow