Exercise 15-6 (Static) Prepare a Statement of Cash Flows; Free Cash Flow [LO15-1, LO15-2, LO15-3] Comparative financial statement data for Carmono Company follow: For this year, the company reported net income os follows: 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, 2. Compute Carmono's free cash flow for this yeac. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year. Complete this question by entering your answers in the tabs below. Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outfiows as negative amounts.) For This Year Ended December 31 Operating activities: Net income Adjustments to convert net income to a cash basis: Depreciation $ 24 Decrease in plant and equipment Increase in inventory Decrease in accounts receivable Decrease in inventory Net cash provided by investing activities Investing activities: Repurchase of common stock Financing activities: Compute Carmono's free cash flow for this year. (Negative amount should be indicated by a minus sign