Question 2
	Spring Brook Inc comparative balance sheets are presented below
	Spring Brook Inc
	Comparative Balance Sheet
	December 31
		2020		2019
	Assets
	Cash	$15,200		$17,700
	Accounts Receivable	25,200		22,300
	Inventory	20,000		16,000
	Equipment	60,000		70,000
	Accumulated depreciation--equipment	(14,000)		(10,000)
	Total	$106,400		$116,000
	Liabilities and Stockholders' Equity
	Accounts payable	$14,600		$11,100
	Bonds payable	10,000		30,000
	Common stock	50,000		45,000
	Retained earnings	31,800		29,900
	Total	$106,400		$116,000
Additional data:
1. Dividends declared and paid were $16400, net income was $18,300
2. During the year equipment was sold for $3,300 cash. This equipment cost $10,000
originally and had a book value of $8,800 at the time of sale.
3. No noncash investing and financing activities occurred during 2020
Instructions
(a) make a statement of cash flows using the indirect method.
(b) Compute free cashflow