2 P4-6 Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that appear below and the next page. on Keith Corporation Balance Sheets December 31 2012 2011 Assets Cash Marketable securities Accounts receivable Inventories S 1,500 1,000 1,200 1,800 1,800 2,000 2,900 8,200 2,9002,800 200 6,800 $29,500 $28,100 14,700 13,100 2,800 Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets $14,800 $15,000 $23,000 $21,800 Liabilities and Stockholders' Equity $ 1,600 1,500 Accounts payable Notes payable Accruals 2,800 200 $ 4,600 2,200 300 $ 4,000 5,000 5,000 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings $ 9,600 9,000 $10,000 $10,000 2,800 $12,800 Total liabilities and stockholders' equity $23,000 $21,80 3,400 $13,400 Total stockholders' equity