Prepare a statement of cash flow using the indirect method. Compare financial statement data as follows:

In 2009 the company reported net income as follows
Sales ............... 275
Cost of Goods sold ........ 150
Gross Margin .......... 125
Selling and administrative expenses ... 90
Net income ............ 35

Dividends of 14$ were declared and paid during 2009.
1) Using the indirect method prepare a statement of cash flow for 2009
2) Compute the free cash flow for2009.

2009 2008 Cash Accounts receivable Inventory Plants and equipment Less accumulated depreciation Total Depreciations 50 240 -65 250 24 40 200 -50 220