Paisley Company prepared the following statement of cash flows for the current year:

Required:
Compute Paisley Company€™s free cash flow for the currentyear.

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Paisley Company Statement of Cash Flows- Indirect Method Operating activities $ 40,000 Adjustments to convert net income to cash basis Decrease in prepaid expenses. .. 6,000 Decrease in accrued liabilities . (12,000) 5,000 (4,000) 36,000 Net cash provided by operating activities Investing activities Proceeds from the sale of equipment.. . . . . .. . .. . . 24,000 (30,000) Additions to plant and equipment120,000) Net cash used for investing activities . . . . . . . . . . . . . . . Financing activities (126,000) . 50,000 (20,000) Net cash provided by financing activities .. 110,000 (20,000) 27,000 $47,000 Cash balance, beginning of year