E$5-15($LO$5,6)($Preparation of a Statement of Cash Flows$)$ Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December $31\mathrm{.}20172016$Cash$$177,000$$ $78,000$Accounts receivable$180,000185\mathrm{.}000$Investments$52,00074,000$Equipment$298,000240,000$Accumulated depreciation equipment$(106,000)(89,000)$Current liabilities$134,000151,000$Common stock$160,000160,000$Retained earnings$307,000177,000$Additional information:Investments were sold at a loss of $$10,000$; no equipment was sold; cash dividends paid were $$30,000$; and net income was $$160,000.$Instructions$($a$)$ Prepare a statement of cash flows for $2017$ for Zubin Mehta Corporation.$($b$)$ Determine Zubin Mehta Corporation's free cash flow.