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Use the Income statement shown next to calculate free cash flow for Rainier Printing for 2021. In addition to the Information In the Income

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Use the Income statement shown next to calculate free cash flow for Rainier Printing for 2021. In addition to the Information In the Income statement, assume that Rainier had $740,000 in capital expenditures and $540,000 in working capital Investments during 2021. Rainier Printing Income Statement January 1 to December 31, 2021 ($ thousands) Net sales Cost of sales Gross profit Operating expense Depreciation expense Operating income $ 11,800 7,400 4,400 1,240 690 Interest expense 2,470 390 2,080 Income before tax Tax Income after tax Note: Enter your answer in thousands. 832 $ 1,248 Free cash flow

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