What is free Cash flow? How about question C?

Additional information if needed.

A) 12,400 Cash, Bucks & Dough, Co. Statement of Cash Flows For the year ended December 31, 2020 Cash flows from operating activities Net income Adjusment to net income Depreciation expense $ 2,500 Gain on sale equipment (1,600) Decreses in accounts receivable 300 Decrease in inventory 5,300 Decrease Account payable (5,400) Decrease in accurued wages payable (100) Decrease in utilities payable (100) Net cash provided by operating activities 900 13,300 Cash flows from investing activities Purchase land Sold machinery Net cash used for investing activities (18,100) 21,000 2,900 10,000 (24,300) Cash flow from financing activites Increase Common Stock issued Dividend Net cash from financing activities Net (incresae or decrease) Cash Cash (begening of the year) Cash (End of the year) (14,300) 1,900 4,300 6,200 $ B) Free Cash Flow: You are in top management at Cash, Bucks & Dough, Co. Others in top management want to give MORE in cash dividends to investors. Based on the results of the Free Cash Flow calculation, do you agree that the company has the cash available to increase dividends to the investors right away? Cash, Bucks & Dough, Co. Comparative Balance Sheet December 31 Cash, Bucks & Dough, Co. Income Statement For the Year ended December 31, 2020 2020 2019 Assets Cash Accounts Receivable Inventory Property, plant & equipment, net Total Assets $6,200 7,200 30,000 211,500 $254.900 $4,300 7,500 35,300 215,300 $262,400 Sales revenue Cost of goods sold Gross profit Operating expenses Income from before gain and taxes Gain on sale of machinery Income tax expense Net income $128,300 69 800 58,500 46,900 11,600 1,600 800 $12,400 Liabilities and Stockholders' Equity Accounts payable Accrued wages payable Accrued utilities payable Bonds payable Total liabilities Common stock Retained camings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $1,600 2,100 2,500 62,000 68,200 125,000 61,700 186,700 $254,900 $7,000 2,200 2,600 62,000 73,800 115,000 73,600 188,600 $262,400 Additional data: 1. Depreciation expense of $2,500 is included in the Operating Expenses on the Income Statement. 2. Machinery with an original cost of $24,000 was sold for $21,000. The gain on sale was $1,600. 3. On June 1, 2020, the company purchased more land for cash at a cost of $18,100. 4. The company paid $24,300 in cash dividends for the year