Warner Company Comparative Balance Sheets December 31
Assets		2022		2021
Cash		$ 35,000		$ 20,000
Accounts receivable		20,000		14,000
Inventory		28,000		20,000
Property, plant, and equipment		60,000		78,000
Accumulated depreciation		( 32,000)		( 24,000)
Total		$ 111,000		$ 108,000
Liabilities and Stockholders Equity
Accounts payable		$ 19,000		$ 15,000
Income taxes payable		7,000		8,000
Bonds payable		17,000		33,000
Common stock		18,000		14,000
Retained earnings		50,000		38,000
Total		$ 111,000		$ 108,000

Warner Company Income Statement For the Year Ended December 31, 2022
Sales revenue				$ 242,000
Cost of goods sold				175,000
Gross profit				67,000
Selling expenses		$ 18,000
Administrative expenses		6,000		24,000
Income from operations				43,000
Interest expense				3,000
Income before income taxes				40,000
Income tax expense				8,000
Net income				$ 32,000

Additional data:

1.		Depreciation expense was $ 17,500.
2.		Dividends declared and paid were $ 20,000.
3.		During the year equipment was sold for $ 8,500 cash. This equipment cost $ 18,000 originally and had accumulated depreciation of $ 9,500 at the time of sale. I JUST NEED THE CORRECT FREE CASH FLOW, THE ASNWER IS NOT 38,500