Comparative financial statement data for Carmono Company follow:

	This Year		Last Year
Assets
Cash	$	7.00	$	13.00
Accounts receivable		48.00		41.00
Inventory		90.00		76.60
Total current assets		145.00		130.60
Property, plant, and equipment		228.00		192.00
Less accumulated depreciation		44.80		33.60
Net property, plant, and equipment		183.20		158.40
Total assets	$	328.20	$	289.00
Liabilities and Stockholders Equity
Accounts payable	$	54.00	$	45.00
Common stock		114.00		88.00
Retained earnings		160.20		156.00
Total liabilities and stockholders equity	$	328.20	$	289.00

For this year, the company reported net income as follows:

Sales	$	800.00
Cost of goods sold		480.00
Gross margin		320.00
Selling and administrative expenses		300.00
Net income	$	20.00

This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.

Required:
1.	Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places.)

HOW TO GET CASH DIVIDENDS??????

2.	Compute Carmonos free cash flow for this year. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.)