The following are the financial statements of Crane Company.

CRANE COMPANY Balance Sheet December 31
Assets		2021			2020
Cash		$37,240			$19,600
Accounts receivable		29,400			13,720
Inventory		26,460			19,600
Equipment		58,800			76,440
Accumulated depreciationequipment		(28,420	)		(23,520	)
Total		$123,480			$105,840
Liabilities and Shareholders Equity
Accounts payable		$23,520			$14,700
Income taxes payable		6,860			7,840
Notes payable		26,460			32,340
Common shares		17,640			13,720
Retained earnings		49,000			37,240
Total		$123,480			$105,840

CRANE COMPANY Income Statement For the Year Ended December 31, 2021
Sales		$237,160
Cost of goods sold		171,500
Gross profit		65,660
Operating expenses		23,520
Income from operations		42,140
Interest expense		2,940
Income before income taxes		39,200
Income tax expense		7,840
Profit		$31,360

Additional Information:
1.		Dividends declared and paid were $19,600. Crane reports under ASPE.
2.		During the year, equipment was sold for $8,330 cash. This equipment cost $17,640 originally and had a carrying value of $8,330 at the time of sale.
3.		All depreciation expense, $14,210, is in the operating expenses.
4.		All sales and purchases are on account.

A) Prepare a statement of cash flows using the indirect method.

B) calculate free cash flow