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The following are the financial statements of Nosker Company. Additional data: Dividends declared and paid were $25, 100. During the year equipment was sold for

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The following are the financial statements of Nosker Company. Additional data: Dividends declared and paid were $25, 100. During the year equipment was sold for $9, 800 cash. This equipment cost $17, 500 originally and had a book value of $7, 700 at the time of sale. All depreciation expense, $14, 200, is in the operating expenses. All sales and purchases are on account. Prepare a statement of cash flows 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).) Compute free cash flow

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