You have the following information for firm X. Assume the firms tax rate is 21%

Line Item	2020	2021
Sales	22000	24000
Depreciation	3100	3200
Cost of Goods sold	7400	9000
Other Expenses	2000	1500
Interest Expense	1400	1700
Cash	11000	12000
Accounts Receivable	15000	18000
Short-Term Debt	2000	3000
Long-Term Debt	38000	46000
Net Fixed Assets	95000	101000
Accounts Payable	8000	8700
Inventory	27000	28000
Dividends	3000	4000

A. Create an income statement for 2020 and 2021 for firm X.

b. (2.5 points each/5 points total.) Create a balance sheet for 2020 and 2021 for firm X.

c. What is the free cash flow for 2020 and 2021?