Cassandra SA's comparative statements of financial position are presented below.

Additional information:
1. Net income was ‚¬23,300. Dividends declared and paid were ‚¬14,600.
2. Equipment that cost ‚¬10,000 and had accumulated depreciation of ‚¬1,800 was sold for ‚¬3,500.
3. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation.
Instructions
(a) Prepare a statement of cash flows for 2017 using the indirect method.
(b) Compute free cash flow.

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CASSANDRA SA Comparative Statements of Financial Position December 31 2017 2016 Equipment Accumulated depreciation-equipment Investments Accounts receivable Cash 60,000 (14,000) 20,000 25,200 17,000 108,200 70,000 (10,000) 13,000 22,300 17,700 113,000 Total Share capital-ordinary Retained earnings Bonds payable Accounts payable 50,000 33,600 10,000 14,600 45,000 24,900 30,000 13,100 113,000 Total 108,200