I need correct solution please:

Comparative financial statement data for Carmono Company follow:

This Year Last Year

Assets

Cash $ $8\mathrm{.}50$ $ $16\mathrm{.}00$

Accounts receivable $54\mathrm{.}0047\mathrm{.}00$

Inventory $97\mathrm{.}5084\mathrm{.}40$

Total current assets $160\mathrm{.}00147\mathrm{.}40$

Property, plant, and equipment $237\mathrm{.}00198\mathrm{.}00$

Less accumulated depreciation $47\mathrm{.}2035\mathrm{.}40$

Net property, plant, and equipment $189\mathrm{.}80162\mathrm{.}60$

Total assets $ $349\mathrm{.}80$ $ $310\mathrm{.}00$

Liabilities and Stockholders$$ Equity

Accounts payable $ $58\mathrm{.}50$ $ $48\mathrm{.}00$

Common stock $126\mathrm{.}0097\mathrm{.}00$

Retained earnings $165\mathrm{.}30165\mathrm{.}00$

Total liabilities and stockholders$$ equity $ $349\mathrm{.}80$ $ $310\mathrm{.}00$

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

Sales $ $950\mathrm{.}00$

Cost of goods sold $570\mathrm{.}00$

Gross margin $380\mathrm{.}00$

Selling and administrative expenses $360\mathrm{.}00$

Net income $ $20\mathrm{.}00$

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: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.$)$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Compute Carmono's free cash flow for this year. $($Negative amount should be indicated by a minus sign. Kound your

intermediale calculations and final answer lo $2$ decimal places.$)$

$1.$ Using the indirect method, prepare a statement of cash flows for this year.

$2.$ Compute Carmono$$s free cash flow for this year.