Compute Free Cash Flow.

Please see last image*

Problem 12-7A Presented below are the financial statements of Whispering Winds Company Whispering Winds Company Comparative Balance Sheets December 31 2016 2017 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total $81,900 46,800 32,760 46,800 182,520 46,800 65,520 140,400 (74,880) (56,160) $259,740 $252,720 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $44,460 35,100 18,720 77,220 32,760 88,920 $259,740 $252,720 16,380 39,780 42,120 117,000 Whispering Winds Company Income Statement