P4-6 Finding operating and free cash flows data from the income statement of Keith Corporation that appear below and on the next page. Consider the balance sheets and selected Keith Corporation Balance Sheets December 31 Assets Cash Marketable securities Accounts receivable Inventories 2012 2011 S1,500 1,000 1,200 1,800 2,900 2,800 S 8,200 $ 6,800 $29,500 $28,100 14,700 13,100 $14800 $15,000 $23,000 $21,800 1,800 2,000 Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals s 1,600 2,800 200 $ 4,600 1,500 2,200 300 $ 4,000 Total current liabilities Long-term debt -5,000 5,000 Total liabilities Common stock Retained earnings $9,600 $ 9,000 $10,000 $10,000 3,400 2,800 $13,400 $12,800 Total liabilities and stockholders' equity $23,000 $21,800 Total stockholders' equity 0