6) Comparable financial statements data for Dewey, Cheatum, and Howe LLC follows: Balance Sheet December 31,...

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6) Comparable financial statements data for Dewey, Cheatum, and Howe LLC follows: Balance Sheet December 31, 2022 / Year 2 and Year 1 (In thousands of dollars) 2022 2021 Year 2 Year 1 Assets Current 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 Current liabilities Accounts payable Common stock Retained Earnings Total Current Liabilities 3 $ 6 22 24 50 40 $ 75 $ 70 240 200 65 50 175 150 $ 250 $220 Total liabilities and stockholders equity This year, the company reported net income as follows: $ 40 $ 36 150 145 60 39 $210 $220 $250 $220 Sales $275 Cost of goods sold 150 Gross margin 125 Selling and administrative expenses 90 Net income $ 35 This year DCH paid a cash dividend. There were no sales on the property, plant, and equipment during the year. The company did not repurchase any of its own stock this year. Prepare a statement of cash flows for the year. Compute Dewey, Cheatum, and Howe's free cash flow for this year. 6) Comparable financial statements data for Dewey, Cheatum, and Howe LLC follows: Balance Sheet December 31, 2022 / Year 2 and Year 1 (In thousands of dollars) 2022 2021 Year 2 Year 1 Assets Current 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 Current liabilities Accounts payable Common stock Retained Earnings Total Current Liabilities 3 $ 6 22 24 50 40 $ 75 $ 70 240 200 65 50 175 150 $ 250 $220 Total liabilities and stockholders equity This year, the company reported net income as follows: $ 40 $ 36 150 145 60 39 $210 $220 $250 $220 Sales $275 Cost of goods sold 150 Gross margin 125 Selling and administrative expenses 90 Net income $ 35 This year DCH paid a cash dividend. There were no sales on the property, plant, and equipment during the year. The company did not repurchase any of its own stock this year. Prepare a statement of cash flows for the year. Compute Dewey, Cheatum, and Howe's free cash flow for this year.