Sheridan Company issued the following statement of cash flows for 2017.

Sheridan Company Statement of Cash FlowsIndirect Method For the Year Ended December 31, 2017
Cash flows from operating activities
Net income	$199,066
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation expense	$30,703
Decrease in accounts receivable	32,053
Increase in inventory	(16,870	)
Decrease in accounts payable	(7,423	)
Loss on disposal of plant assets	11,134		49,597
Net cash provided by operating activities	248,663
Cash flows from investing activities
Sale of investments	10,459
Purchase of equipment	(81,651	)
Net cash used by investing activities	(71,192	)
Cash flows from financing activities
Issuance of stock	67,480
Payment on long-term note payable	(33,740	)
Payment for dividends	(43,862	)
Net cash used by financing activities	(10,122	)
Net increase in cash	167,349
Cash at beginning of year	43,862
Cash at end of year	$211,211

(a)Compute free cash flow for Sheridan Company.