The following is a condensed version of the comparative balance sheets for Pearl Corporation for the last two years at December 31. 2020 2019 Cash Accounts receivable Investments $371,700 $163,800 378,000 388,500 109,200 155,400 Equipment 625,800 504,000 Accumulated Depreciation-Equipment (222,600 ) (186,900) Current liabilities 281,400 317.100 Common stock 336,000 336.000 Retained earnings 644,700 371.700 Additional information: Investments were sold at a loss of $21,000; no equipment was sold; cash dividends paid were $63,000; and net income was $336,000. PEARL CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Sale of Investments 35700.00 21000.00 Decrease in Accounts Receivable 10500.00 Decrease in Current Liabilities Net Cash Provided by Operating Activities (35700.00) $ 336000.00 31500.00 367500.00 Cash Flows from Investing Activities Purchase of Equipment Sale of Investments Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Year Cash at End of Year (121800.00) 25200.00 (96600.00) (63000.00) 207900.00 163800.00 $ 371700.00 (b) Your answer is incorrect. Determine Pearl Corporation's free cash flow. Free cash flow eTextbook and Media Save for Later 25200.00 Attempts: 1 of 4 used Submit