need help with the additional question thank you!

Value Cash at beginning of period Cash at end of period (b) Value Free Cash Flow Net cash provided by operating activities Less: Capital expenditures Cash dividends Free Cash Flow Value Value Value After you have completed the requirements of P17-8A, consider the additional question, Answers are on the other tab in this file. Assume that the 2017 balances for accounts receivable, inventory, and accounts payable changed to $26.000, $30,000, and $23,000 respectively. Dividends declared and paid also changed to $28,000. Show the impact on the statement of cash flows and free cash flow. 17-8A Prepare a statement of cash flows - direct method, and compute free cash ox NOSKER COMPANY Comparative Balance Sheet December 31 Assets Cash Accounts Receivable Inventory Equipment Accumulated depreciation--equipment Total 2017 $38,000 30,000 27,000 60,000 (29,000) $126,000 2016 $20,000 14,000 20,000 78,000 (24,000) $108,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $24,000 7,000 27,000 18,000 50,000 $126.000 $15,000 8,000 33,000 14,000 38.000 S108.000 NOSKER COMPANY Income Statement For the Year ended December 31, 2017 Sales revenue $242,000 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242,000 175,000 67.000 24,000 43,000 3,000 40,000 8,000 $32,000 Additional data: 1. Dividends declared and paid were $20,000, 12 Duding the wear paninment was sold for SR 500 cash This paninmintenst SIR 000 Additional data: 1. Dividends declared and paid were $20,000. 2. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale. 3. All depreciation expense, $14,500, is in the operating expenses. 4. All sales and purchases are on account. Data for Nosker Company is presented above. Further anlaysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. Instruktions a) Prepare a statement of cash flows using the direct method. Instructions (a) Prepare a statement of cash flows using the direct method. (b) Compute free cash flow. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a) NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities Cash receipts from customers Less cash payments: To suppliers Value