What is the cash flow? Only need help with b.

The following are the financial statements of Nosker Company.

NOSKER COMPANY

Comparative Balance Sheets

December 31

Assets

2017

2016

Cash$ 35,250

$ 20,150

Accounts receivable32,050

19,700

Inventory26,200

20,700

Equipment59,050

77,900

Accumulated depreciationequipment(29,200

)

(23,750

)

Total$123,350

$114,700

Liabilities and Stockholders Equity

Accounts payable$ 28,650

$ 16,700

Income taxes payable7,450

8,100

Bonds payable26,600

32,050

Common stock18,550

14,250

Retained earnings42,100

43,600

Total$123,350

$114,700

NOSKER COMPANY

Income Statement

For the Year Ended December 31, 2017

Sales revenue$241,750

Cost of goods sold175,450

Gross profit66,300

Operating expenses24,850

Income from operations41,450

Interest expense2,650

Income before income taxes38,800

Income tax expense8,600

Net income$ 30,200

Additional data:

1.Dividends declared and paid were $31,700.2.During the year equipment was sold for $8,350 cash. This equipment cost $18,850 originally and had a book value of $10,500 at the time of sale.3.All depreciation expense, $15,950, is in the operating expenses.4.All sales and purchases are on account.*(a)

Your answer is correct.Prepare a statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

NOSKER COMPANY

Statement of Cash FlowsFor the Year Ended December 31, 2017

Cash Flows from Operating Activities

Net Income

$30200

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Depreciation Expense

$15950

Increase in Accounts Receivable

-12350

Increase in Inventory

-5500

Increase in Accounts Payable

11950

Decrease in Income Taxes Payable

-650

9400

Net Cash Provided by Operating Activities

39600

Cash Flows from Investing Activities

Sale of Equipment

8350

Cash Flows from Financing Activities

Payment of Dividends

-31700

Redemption of Bonds

-5450

Issuance of Common Stock

4300

Net Cash Used by Financing Activities

-32850

Net Increase in Cash

15100

Cash at Beginning of Period

20150

Cash at End of Period

$35250

(b

Free Cash Flow ?????????