Presented below is a condensed version of the comparative balance sheets
for Zubin Mehta Corporation for the last two years at December 31.
					2017		2016
Cash					$ 177,000		$ 78,000
Accounts Receivable					180,000		185,000
Investments					52,000		74,000
Equipment					298,000		240,000
Accumulated Depreciation - Equipment					(106,000)		(89,000)
Current Liabilities					134,000		151,000
Common Stock					160,000		160,000
Retained Earnings					307,000		177,000
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.