Use the income statement shown next to calculate free cash flow for Lincoln Top Hats, Inc. for 2021. In addition to the information in the income statement, assume that Lincoln had $650,000 in capital expenditures and $450,000 in working capital investments during 2021 Lincoln Top Hat, Inc. Income Statement January 1 to December 31, 2021 ($ thousands) Net sales Cost of sales Gross profit Operating expense Depreciation expense Operating income Interest expense Income before tax Tax Income after tax Note: Enter your answer in thousands. Free cash flow $ 10,000 6,500 3,500 1,150 600 1,750 300 1,450 580 $ 870

Use the income statement shown next to calculate free sash flow for Lincoln Top Hats, Inc. for 2021. In addition to the information in the income statement, assume that Uncoln had $650,000 in capitat expenditures and $450,000 in working capitai investments during 2021. Note: Enter your answer in thousands