Question: 5 Comparative financial statement data for Carmono Company follow: This Year ast Year 10 points Assets Cash Accounts receivable Inventory Total current assets Property, plant,

5 Comparative financial statement data for Carmono Company follow: This Year ast Year 10 points Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment 50 75 240 65 175 24 40 70 200 50 150 S 220 Less accumulated depreciation Net property, plant, and equipment Total assets $ 250 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings S 40 150 60 $ 250 S 36 145 39 220 Total liabilities and stockholders' equity For this year, the company reported net income as follows Sales Cost of goods sold Gross margin Selling and administrative expenses Net income $ 275 125 90 $ 35 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
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