The following is a condensed version of the comparative balance sheets for Monty Corporation for the last two years at December 31.

		2020			2019
Cash		$ 354,000			$ 156,000
Accounts receivable		360,000			370,000
Investments		104,000			148,000
Equipment		596,000			480,000
Accumulated Depreciation-Equipment		(212,000	)		(178,000	)
Current liabilities		268,000			302,000
Common stock		320,000			320,000
Retained earnings		614,000			354,000

Additional information: Investments were sold at a loss of $20,000; no equipment was sold; cash dividends paid were $60,000; and net income was $320,000.

(a)

Prepare a statement of cash flows for 2020 for Monty Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

(b)

Determine Monty Corporations free cash flow.