Sunland Shoes comparative balance sheet is presented below. Sunland reports under ASPE.

SUNLAND SHOES Balance Sheet December 31
Assets		2021			2020
Cash		$31,584			$19,824
Accounts receivable		27,104			24,976
Long-term investments		25,760			17,920
Equipment		67,200			78,400
Accumulated depreciationequipment		(15,680	)		(11,200	)
Total		$135,968			$129,920
Liabilities and Shareholders Equity
Accounts payable		$21,952			$12,432
Notes payable		11,200			33,600
Common shares		67,200			50,400
Retained earnings		35,616			33,488
Total		$135,968			$129,920

Additional Information:
1.		Profit was $31,696. Dividends declared and paid were $29,568.
2.		Equipment that cost $11,200 and had accumulated depreciation of $1,344 was sold for $4,816.
3.		All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation.

Prepare a statement of cash flows for 2021 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).)

Free cash flow

$

Calculate free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SUNLAND SHOES Cash Flow Statement - Indirect Method Year Ended December 31, 2021 Net Cash Provided by Operating Activities Profit $ Adjustments to reconcile profit to Operating Activities > > > > > > > > > > A