Will repost this again since the last one was wrong.

Additional data:

$1.$ Depreciation expense was $$16,000.$

$2.$ Dividends declared and paid were $$21,780.$

$3.$ During the year, equipment was sold for $$8,800$ cash. This equipment originally cost $$18,400$ and had accumulated

depreciation $of$ $$9,600at$ the time $of$ sale.

$5$onds were redeemed $at$ their carrying value.

Further analysis reveals the following.

Accounts payable pertain to merchandise suppliers.

All operating expenses except for depreciation were paid in cash.

All depreciation expense is in the selling expense category.

All sales and inventory purchases are on account.

Prepare a statement of cash flows for Crane Company using the direct method. $($Show amounts that decrease cash flow with either a

sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

CRANE COMPANY

$$ cash payments:

$($b$)$

Compute free cash flow. $($Enter negative amount using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Free cash flow $