$($b$)$

Your answer is incorrect.

Compute free cash flow. $($Show amounts that decrease cash flow with either a $-$ sign e$.$s$.-15,000$ or in parenthesis e$.$s$.(15,000).)$

Free cash flow $ $$presented nere are the financial statements of Marigold Company.

$\backslash$table$[[$Marigold Company Comparative Balance Sheets December $31],[$Assets$,2022,2021],[$Cash$,$$$37,900,$$$19\mathrm{.}700],[$Accounts receivable,$32,300,19,500],[$Inventory$,29,900,20,000],[$Property$,$ plant, and equipment,$60,000,78,000],[$Accumulated depreciation,$(29,700),(23,000)],[$Total$,$$$130,400,$$$114,200],[$Liabilities and Stockholders' Equ,,$],[$Accounts payable,$$28\mathrm{.}800,$$$16,700],[$Income taxes payable,$7\mathrm{.}000,8\mathrm{.}300],[$Bonds payable,$27,400,32\mathrm{.}000],[$Commonstock$,18\mathrm{.}100,14,100],[$Retainedearning$,49\mathrm{.}100,43\mathrm{.}100],[$Total$,$$$130,400,$$$114,200]]$Marizold Cempany

Income Statement

For the Year Ended December $31,2022$

Sales revenue

Cost of goods sold

Cross profit

Selling expenses

Administrathe expenses

Income from operations

Interent empente

Income belore income taves

Incrome taverpense

Net income

$$241,300$

$175,700$

$65,600$

$$18\mathrm{.}600$

$6\mathrm{.}200q,$

$40\mathrm{.}800$

$2=00$

$38,400$

$7480$

$$30\mathrm{.}720$

Additional data:

Depreciation expense was $$15,500.$

Dividends declared and paid were $$24,720.$

During theyray equipment was sold for $$8,200$cach. This equipment cost $$18000$ originally and had accumpulatedAdditional data:

Depreciation expense was $$15,500.$

Dividends dectared and pald were $$24,720.$

During the year equipment was sold for $$9\mathrm{.}200$ cash. This equipment cost $$18,000$ originally and had accumulated depreciation of $$8,800$ at the time of sale.

Bonds were redeemed at their carrying value.

Common stock was issued at par for cash. I also put $7120$ and it was wrong and also $18800$ was wrong