3 Comparative financial statement data for Carmono Company follow: 3.5 points eBook Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Hint Common stock Retained earnings This Year Last Year $ 17.50 90.00 $ 34.00 83.00 142.50 131.20 250.00 248.20 291.00 234.00 61.60 46.20 187.80 229.40 $ 479.40 $ 85.50 198.00 195.90 $ 436.00 $ 66.00 151.00 219.00 $ 479.40 $ 436.00 Print References Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales $ 1,850.00 1,110.00 Cost of goods sold Gross margin Selling and administrative expenses 740.00 720.00 Check my work Net income $ 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year.