The following are the financial statements of Nosker Company.

NOSKER COMPANY Comparative Balance Sheets December 31
Assets		2020			2019
Cash		$37,100			$20,200
Accounts receivable		32,700			19,600
Inventory		29,400			20,900
Equipment		59,500			77,200
Accumulated depreciationequipment		(29,500	)		(23,000	)
Total		$129,200			$114,900
Liabilities and Stockholders Equity
Accounts payable		$28,600			$ 16,400
Income taxes payable		7,500			8,100
Bonds payable		27,700			33,500
Common stock		18,600			14,600
Retained earnings		46,800			42,300
Total		$129,200			$114,900

NOSKER COMPANY Income Statement For the Year Ended December 31, 2020
Sales revenue		$242,000
Cost of goods sold		175,100
Gross profit		66,900
Operating expenses		23,600
Income from operations		43,300
Interest expense		3,500
Income before income taxes		39,800
Income tax expense		8,000
Net income		$31,800

Additional data:

1.		Dividends declared and paid were $27,300.
2.		During the year, equipment was sold for $9,700 cash. This equipment cost $17,700 originally and had a book value of $9,700 at the time of sale.
3.		All depreciation expense, $14,500, is in the operating expenses.
4.		All sales and purchases are on account.

Further analysis reveals the following.

1.		Accounts payable pertain to merchandise suppliers.
2.		All operating expenses except for depreciation were paid in cash.

Please correct and explain the areas in the red-

NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities 31800 Cash Receipts from Customers Less ash payments: To Suppliers 175100 23600 For Operating Expenses For Income Taxes 8000 3500 For Interest 210200 43300 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment 9700 9700 Net Cash Provided by Investing Activities Net Cash Used by Financing Activities Issuance of Common Stochk 18600 Redemption of Bonds 27700 27300 Payment of Dividends Net Cash Used by Financing Activities 73600 Net Increase in Cash 16900 20200 Cash at Beginning of Period 37100 Cash at End of Period LINK TO TEXT LINK TO TEXT xYour answer is incorrect. Try again 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 129,200 Click if you would like to Show Work for this question: Open Show Work