Use the balance sheet and income statement to compute the firm's free cash flows and the financing cash flows

2018 $ 151 416 630 $ 1,197 $ 2,609 (1,209) $ 1,400 $ 2,597 Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 ASSETS 2017 Cash $ 200 Accounts receivable 450 Inventory 550 Current assets $ 1,200 Plant and equipment $ 2,200 Less accumulated depreciation (1,000) Net plant and equipment $ 1,200 Total assets $ 2,400 LIABILITIES AND OWNER'S EQUITY 2017 Accounts payable $ 200 0 Notes payable-current (9%) $ 200 Current liabilities Bonds $ 600 Owners' equity Common stock $ 900 700 Retained earnings Total owners' equity $ 1,600 Total liabilities and owners' equity $ 2,400 2018 $ 154 141 $ 295 $ 600 $ 900 802 $ 1,702 $ 2,597 2018 $ 1,456 856 $ 600 Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2017 Sales $ 1,200 700 Cost of goods sold $ Gross profit 500 Selling, general and administrative expenses $ 220 250 Depreciation Operating income $ 250 50 Interest expense Net income before taxes $ 200 80 Taxes (40%) $ 120 Net income 30 $ 48 209 257 $ 343 60 $ $ 283 113 $ $ $ 170 2018 $ 151 416 630 $ 1,197 $ 2,609 (1,209) $ 1,400 $ 2,597 Knapp Inc. Balance Sheet at 1/31/2017 and 1/31/2018 ASSETS 2017 Cash $ 200 Accounts receivable 450 Inventory 550 Current assets $ 1,200 Plant and equipment $ 2,200 Less accumulated depreciation (1,000) Net plant and equipment $ 1,200 Total assets $ 2,400 LIABILITIES AND OWNER'S EQUITY 2017 Accounts payable $ 200 0 Notes payable-current (9%) $ 200 Current liabilities Bonds $ 600 Owners' equity Common stock $ 900 700 Retained earnings Total owners' equity $ 1,600 Total liabilities and owners' equity $ 2,400 2018 $ 154 141 $ 295 $ 600 $ 900 802 $ 1,702 $ 2,597 2018 $ 1,456 856 $ 600 Knapp Inc. Income Statement for Years Ended 1/31/2017 and 1/31/2018 2017 Sales $ 1,200 700 Cost of goods sold $ Gross profit 500 Selling, general and administrative expenses $ 220 250 Depreciation Operating income $ 250 50 Interest expense Net income before taxes $ 200 80 Taxes (40%) $ 120 Net income 30 $ 48 209 257 $ 343 60 $ $ 283 113 $ $ $ 170