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(Computing free cash flows and financing cash flows) Use the balance sheet, and income statement, for Knapp Inc. to compute the firm's free cash flows and the financing cash flows. Calculate the free cash flows using the following table. (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) FREE CASH FLOWS After-tax cash flows from operations $ After-tax cash flows from operations Change in net operating working capital Decrease in net operating working capital $ Free cash flows Calculate the financing cash flows using the following table. (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) FINANCING CASH FLOWS $ Cash flows distributed to investors Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 ASSETS 2017 2018 Cash $ 200 $ 150 Accounts receivable 450 424 647 550 $ 1,221 Inventory Current assets $ 1,200 Plant and equipment $ 2,200 Less accumulated depreciation (1,000) Net plant and equipment $ 1,200 $ 2,400 Total assets LIABILITIES AND OWNER'S EQUITY $ 2,602 (1,208) $ 1,394 $ 2,615 2017 2018 $ $ 200 0 157 150 $ 200 $ 307 $ 600 $ 600 Accounts payable Notes payable-current (9%) Current liabilities Bonds Owners' equity Common stock Retained earnings Total owners' equity Total liabilities and owners' equity $ $ 900 700 900 808 $ 1,600 $ 1,708 $ 2,400 $ 2,615 Print Done Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2017 2018 Sales $ 1.200 700 $ 1,453 854 $ 500 $ 599 $ 30 $ 46 208 220 250 254 Cost of goods sold Gross profit Selling, general and administrative expenses Depreciation Operating income Interest expense Net income before taxes Taxes (40%) $ $ 250 50 345 57 $ $ 200 80 288 115 $ 120 $ 173 Net income Print Done FREE CASH FLOWS After-tax cash flows from operations $ Operating income Depreciation expense Tax expense Change in current assets Change in accounts payable Purchase of fixed assets Interest paid to lenders Common stock dividends Increase in notes payable Increase in common stock Repurchased common stock (treasury stock)