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

Exercise 12-8 (Part Level Submission) Oriole Company's comparative balance sheets are presented below. Oriole Company Comparative Balance Sheets December 31 2019 2018 $ 15,000 $10,000 Accounts receivable 21,300 23,400 Land 20,400 25,700 Buildings 70,100 70,100 Accumulated depreciation-buildings (15,000) (10,900) Total $111,800 $118,300 Cash Accounts payable Common stock Retained earnings Total $ 12,400 74,000 25,400 $111,800 $ 27,600 73,400 17,300 $118,300 Additional information: 1. Net income was $23,100. Dividends declared and paid were $15,000. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $5,000