Additional information:

Net income was $$18,750.$ Dividends declared and paid were $$15,600.$

Equipment which cost $$10,100$ and had accumulated depreciation of $$1,900$ was sold for $$3,700.$

No noncash investing and financing activities occurred during $2022.$

Bonds were retired at their carrying value.

$($a$)$

Prepare a statement of cash flows for $2022$ using the indirect method. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.$

$-15,000,$ or in parenthesis e$.$g$.(15,000).)$

Adjustments to reconcile net income to

$$

$($b$)$

Compute free cash flow. $($Enter negative amount using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Free cash flow $