The following are the financial statements of Nosker Company. (A) COMPUTE FREE CASH FLOW

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$34,800			$19,750
Accounts receivable		32,400			19,000
Inventory		26,750			20,500
Equipment		59,150			77,750
Accumulated depreciationequipment		(29,600	)		(23,000	)
Total		$123,500			$114,000
Liabilities and Stockholders Equity
Accounts payable		$28,400			$ 16,600
Income taxes payable		7,300			8,300
Bonds payable		27,600			34,000
Common stock		17,950			13,450
Retained earnings		42,250			41,650
Total		$123,500			$114,000

NOSKER COMPANY Income Statement For the Year Ended December 31, 2020
Sales revenue		$241,900
Cost of goods sold		175,750
Gross profit		66,150
Operating expenses		23,250
Income from operations		42,900
Interest expense		2,600
Income before income taxes		40,300
Income tax expense		8,150
Net income		$32,150

Additional data:

1.		Dividends declared and paid were $31,550.
2.		During the year, equipment was sold for $7,500 cash. This equipment cost $18,600 originally and had a book value of $7,500 at the time of sale.
3.		All depreciation expense, $17,700, is in the operating expenses.
4.		All sales and purchases are on account.