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The following is the 2001 balance sheet of the Easy Find Company, which manufacturer home indoor intercoms. Additional data regarding the balance sheet: The fixed

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The following is the 2001 balance sheet of the Easy Find Company, which manufacturer home indoor intercoms. Additional data regarding the balance sheet: The fixed asset is an operating machine bought on 1 January 1997 for $500,000 and which has a ten-year depreciation and vehicles that com $300,000 and were bought on 30 December 2001. The vehicles' depreciation period is three years. In addition, all the payments from 1999 were paid The following activities were made by the company in the year 2002: The company's revenue was $1, 500,000. From this amount, 15% is still unpaid The company replaced its production line, pay mg $900,000 on the last day of 2002. The company borrowed $500,000 for this purpose and plans to repay it in four annual payments of the principal plus 5% interest rate. The payments are at the end of each year. The previous production line was sold at its book value. $200,000. Easy Find Company paid $400,000 in salaries. Other expenses paid during 2002 are factory rent-$10,000 per month, with half of 2003's rent paid in advance, and advertising-$80,000, only half of which was paid. Due to cash distress during the year. Easy Find took out a short term loan of $20,000 in March 2002. It repaid the loan in six monthly payments of the principal plus 0.8% interest rate. Easy Find paid its supplier $250,000 for materials (20% of which is still unpaid). The company also rents two selling places. Each place charges an annual rent of $10,000. Easy Find paid a year in advance. On 7 January 2002, the company bought a store in order to open a third selling point. The store's cost is $80,000 with a ten-year depreciation. It was financed by a $50,000 mortgage for five years with monthly payments of the principal plus 0.5% interest rate. The rest was paid in cash. The company paid $60,000 in dividends. The company's tax rate is 36% and the taxes were paid in cash. Calculate Easy Find Company's free cash flow

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