The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 Cash $34,850 Accounts receivable 32,850 Inventory 26,300 Equipment 59,750 Accumulated depreciation-equipment (29,600) Total $124,150 2019 $20,350 18,050 20,000 77,150 (23,100) $112,450 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,750 7,300 27,900 18,800 41,400 $124,150 $ 16,400 8,200 32,900 13,350 41,600 $112,450 $241,550 176,050 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income 65,500 23,450 42,050 2,650 39,400 7,150 $32,250 Additional data: 1. Dividends declared and paid were $32,450. 2. During the year, equipment was sold for $8,300 cash. This equipment cost $17,400 originally and had a book value of $8,300 at the time of sale. 3. All depreciation expense, $15,600, is in the operating expenses. 4. All sales and purchases are on account. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free Cash Flow Free Cash Flow