What is free cash flow?

Bridgeport Company Statement of Cash Flow Yar Ended Dec, 2022 som Activ Cam Custom 141500 LV PL V 5400 F V 3000 1800 -118500 23100 Cash 5100 flow from monic V 12000 Cuk 2400 HH1 ofde 19.00 2 22 12000 21000 LINK TO TEXT your answer is meet. Try again. Computer cash flow. (Show a negative free cash flow with either sig 9. 25,000 or in puretsi.. (15.000) 3800 Click if you would like to Show Work for this question: Den Show Work *Problem 12-08A Presented below are the financial statements of Bridgeport Company, Bridgeport Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 21,000 Accounts receivable 12,000 Inventory 16,800 Property, plant, and equipment 36,000 Accumulated depreciation (19,200 ) Total $66,600 2021 $ 12,000 8,400 12,000 46,800 (14,400 ) $64,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 11,400 4,200 10,200 10,800 30,000 $66,600 $ 9,000 4,800 19,800 8,400 22,800 $64,800 $145,200 105,000 40,200 Bridgeport Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $10,800 Administrative expenses 3,600 Income from operations Interest expense Income before income taxes Income tax expense 14,400 25,800 1,800 24,000 4,800 $ 19,200 Net income Additional data: 1. Depreciation expense was $10,500. 2. Dividends declared and paid were $12,000. 3. During the year equipment was sold for $5,100 cash. This equipment cost $10,800 originally and had accumulated depreciation of $5,700 at the time of sale. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and purchases are on account