The changes in each balance sheet account for Carver Corporation during the year just completed are as follows:

	Increase			Decrease
Cash and cash equivalents	$	3,060
Accounts receivable	$	5,400
Inventory				$	6,300
Prepaid expenses	$	3,300
Long-term investments				$	17,340
Property, plant, and equipment	$	11,770
Accumulated depreciation	$	9,630
Accounts payable				$	8,720
Accrued liabilities	$	5,500
Bonds Payable				$	13,200
Common Stock	$	3,180
Retained Earnings	$	13,880

Carver Corporation's income statement for the year just ended shows the following:

Income Statement
Sales	$	381,500
Cost of goods sold		203,300
Gross margin		178,200
Selling and administrative expense		164,320
Net income	$	13,880

The company did not dispose of any property, plant, and equipment, buy any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. Carver Corporation uses the direct method to construct its statement of cash flows.

Required:

a. Determine the sales adjusted to the cash basis.

b. Determine the cost of goods sold adjusted to the cash basis.

c. Determine the selling and administrative expenses adjusted to a cash basis.

d. Determine the net cash provided by (used in) operating activities. (Negative amounts should be indicated by a minus sign.)

e. Determine the net cash provided by (used in) investing activities. (Negative amounts should be indicated by a minus sign.)

f. Determine the net cash provided by (used in) financing activities. (Negative amounts should be indicated by a minus sign.)

Clayborn Corporation's net cash provided by operating activities was $116,600; its net income was $107,100; its income taxes were $45,200; its capital expenditures were $97,200; and its cash dividends were $30,000.

Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.)