CALCULATOR FULL SCREEN PRINTER VERSION Do It! Review 13-3 Obermeyer Corporation issued the following statement of cash flows for 2015. OBERMEYER CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2015 Cash flows from operating activities Net income $57,890 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9,260 Loss on disposal of equipment 9,310 Increase in inventory (4,720) Decrease in accounts receivable 3,370 Decrease in accounts payable (2,280) 14,940 Net cash provided by operating activities 72,830 Cash flows from investing activities Sale of investments 3,270 Purchase of equipment (25,340 Net cash used by investing activities (22,070) Cash flows from financing activities Issuance of stock 19,870 Payment on long-term note payable (13,000) Payment for dividends (16,970) Net cash used by financing activities (10,100) Net increase in cash 40,660 Cash at beginning of year 13,820 Cash at end of year $54,480 7 (a) Compute free cash flow for Obermeyer Corporation Income $57,89 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9,260 Loss on disposal of equipment 9,310 Increase in inventory (4,720) Decrease in accounts receivable 3,370 Decrease in accounts payable (2,280) 14,940 Net cash provided by operating activities 72,830 Cash flows from investing activities Sale of investments 3,270 Purchase of equipment (25,340) Net cash used by investing activities (22,070) Cash flows from financing activities Issuance of stock 19,870 Payment on long-term note payable (13,000) Payment for dividends (16,970) Net cash used by financing activities (10,100) Net increase in cash 40,660 Cash at beginning of year 13,820 Cash at end of year $54,480 (a) Compute free cash flow for Obermeyer Corporation. Free cash flow for Obermeyer Corporation Question Attempts: 0 of 2 used