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What would the free cash flow be? Presented here are the financial statements of Blossom Company. Additional data: 1. Depreciation expense was $47,250. 2. Dividends

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What would the free cash flow be?

Presented here are the financial statements of Blossom Company. Additional data: 1. Depreciation expense was $47,250. 2. Dividends declared and paid were $54,000. 3. During the year, equipment was sold for $22,950 cash. This equipment originally cost $48,600 and had accumulated depreciation of $25,650 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. /ork Chapter 12 Question 1 of 1 9.47/20

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