S&ected financial statement information and additional data for Stanislaus Co$.$ is presented below. Prepare a statement of cash flows for the year ending December $311$ P~c$?$rnber$3$l

p

Cash $$42,000$ $$63000$

Accounts receivable $($net$)84,000151$~$200$

Inventory $168,000201,600$

Land $58,80021,000$

Equipment

TOTAL ~&$800$

~

$$1226400$

Accumulated depreciation $$84,000$ $$115,600$

Accout~ts payable $5040086,000$

Notes payable $-$ Short$-$term $67,20029400$

Notes payable $-$ Long$-$term $168,000302,400$

Common stock $420,000487,200$

Retained earnings

TOTAL ~~&$00$

U$.$

Additional data for t~$2-$Z

$1)$ Net Income was $$235,200$

$2)$ Depreciation expense was recorded

$3)$ Land was sold at its original cost

$4)$ Dividends were paid

$5)$ Equipment was purchased for cash

$6)$ A long$-$term note for $$201,600$ was used to pay for another equipment purchase

$7)$ Common stock was issued to pay for a long$-$term note payable

REUUIRED: $/$zrpbr$)$

A$)$ Prepare a formal Statement of Cash Flows

B$)$ Show the calculation for $$Free Cash Flow$$ and define what it mean