Use the information below for Fairbanks Products for $2023$ to compute operating cash flow $($OCF$),$ capital spending $($investment in fixed assets$),$ change in net working capital, and free cash flow $($FCF$).($you may use Excel if that makes it easier$)$:

Cash $$500$

Accounts Receivable $25\%$ of Sales

Accounts Payable $20\%$ of Cost of Goods Sold

Notes Payable $$1,200$

Inventory $$2,500$

Gross Plant & Equipment $$26,000$

Long$-$term Debt $$5,000$

Common Stock $$10,000$

Net Sales $$15,000$

Cost of Goods Sold $60\%$ of Net Sales

Depreciation Expense $$2,500$

Other Operating Expenses $$1,000$

Interest Expense $8\%$ of Long$-$term Debt

Income Taxes $25\%$ of Taxable Income

Assume current assets for $2022$ were $$4,250$ and current liabilities for $2022$ were $$1,750.$ In addition, assume gross plant and equipment for $2022$ was $$23,000.$