Vaughn Corporation issued the following statement of cash flows for $2022.$

VAUGHN CORPORATION

Statement of Cash Flows$-$Indirect Method

For the Year Ended December $31,2022$

Cash flows from operating activities

Net income

$$55,300$

Adjustments to reconcile net income to net cash

provided by operating activities:

Depreciation expense

Decrease in accounts receivable

Increase in inventory

Decrease in accounts payable

Loss on disposal of plant assets

Net cash provided by operating activities

Cash flows from investing activities

Sale of investments

Purchase of equipment

$$10,000$

$8,500$

$(4,800)$

$(2,300)$

$3,100$

$\frac{14,500}{69,800}$

cash flows from investing activities

sale investments $3,300$

purchase of equipment $(26,400)$

net cash used by investing activities $(23,100)$

cash flows financing activities

issuance of common stock $19,900$

payment on long$-$term note payble $(10,200)$

payment of cash dividends $(12,900)$

net cash used financing activities $(3,200)$

net increase in cash $43,500$

cash beginning of year $12,900$

cash at end of year $56,400$

$($a$)$ compute free cash flow for Vaugh coporation $($ Enter negative amount using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Free cash flow $