Comparative financial statement data for Carmono Company follow: For this year, the company reported net income os follows: Sales. cost of goods sold Gross margin selling and adeinistrative expenses vet income This year Carmono poid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock. Required: 1. Using the indirect method, prepore a statement of cash flows for this year. Statement of Cash Flows For This Year Ended December 31 Operating activities: \begin{tabular}{|l|r|r|} \hline Operating activities: & & \\ \hline Net income & & \\ \hline Adjustments to convert net income to a cash basis: & & \\ \hline Depreciation & & \\ \hline Increase in accounts receivable & (10.60 & \\ \hline Increase in inventory & & \\ \hline Increase in accounts payable & & \\ \hline Net cash provided by operating activities & & \\ \hline Investing activities: & & \\ \hline Increase in plant and equipment & & \\ \hline & & \\ \hline Net cash used in investing activities & & \\ \hline Financing activities: & & \\ \hline Issuance of common stock & & \\ \hline Cash dividends paid & & \\ \hline & & \\ \hline Net cash provided by financing activities & & \\ \hline Net increase in cash and cash equivalents & & \\ \hline Beginning cash and cash equivalents & & \\ \hline Ending cash and cash equivalents & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Compute Carmono's free cash flow for this year. Note: Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places. Free cash now Comparative financial statement data for Carmono Company follow: For this year, the company reported net income os follows: Sales. cost of goods sold Gross margin selling and adeinistrative expenses vet income This year Carmono poid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock. Required: 1. Using the indirect method, prepore a statement of cash flows for this year. Statement of Cash Flows For This Year Ended December 31 Operating activities: \begin{tabular}{|l|r|r|} \hline Operating activities: & & \\ \hline Net income & & \\ \hline Adjustments to convert net income to a cash basis: & & \\ \hline Depreciation & & \\ \hline Increase in accounts receivable & (10.60 & \\ \hline Increase in inventory & & \\ \hline Increase in accounts payable & & \\ \hline Net cash provided by operating activities & & \\ \hline Investing activities: & & \\ \hline Increase in plant and equipment & & \\ \hline & & \\ \hline Net cash used in investing activities & & \\ \hline Financing activities: & & \\ \hline Issuance of common stock & & \\ \hline Cash dividends paid & & \\ \hline & & \\ \hline Net cash provided by financing activities & & \\ \hline Net increase in cash and cash equivalents & & \\ \hline Beginning cash and cash equivalents & & \\ \hline Ending cash and cash equivalents & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Compute Carmono's free cash flow for this year. Note: Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places. Free cash now