Using the Financial Statements complete a Free Cash Flow Analysis for 2016.

2016 S22.50 250,000 25% $7.45 Year-end common stock price Year-end shares outstanding Tax rate 250,000 25% Balance Sheets 201 Assets Cash and equivalents Short-term investments Accounts receivable Inventories Total current assets Gross Fixed Assets Less Accumulated Dep Net Fixed Assets Total Assets 2015 $7,282 $20,000 S632,160 $1,287,360 $1,946,802 S3,202,950 $263,160 $2,939,790 $4,886,592 $14,000 $71,632 $878,000 $1,716,480 $2,680,11:2 S2,975,420 $383,160 S5,272,372 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings otal common equity Total liabilities and equitv $196,879 $226,545 $184,600 $608,024 $2,500,000 $3,108,024 $1,680,936 S97,632 $1,778,568 $4,886,592 $466,88 $420,000 $380,000 $1,266,88 S2,500,000 S3,766,88 $1,680,93 $175,450 S1,505,486 S5,272,372