\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} BONITA COMPANY \\ Comparative Balance Sheets \\ December 31 \end{tabular}} \\ \hline Assets & 2022 & 2021 \\ \hline Cash & $37,200 & $19,800 \\ \hline Accounts receivable & 33,000 & 18,700 \\ \hline Inventory & 30,400 & 20,400 \\ \hline Property, plant, and equipment & 59,300 & 78,000 \\ \hline Accumulated depreciation & (29,300) & (23,300) \\ \hline Total & $130,600 & $113,600 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $28,700 & $16,000 \\ \hline Income taxes payable & 7,300 & 8,300 \\ \hline Bonds payable & 27,400 & 33,100 \\ \hline Common stock & 18,200 & 14,300 \\ \hline Retained earnings & 49,000 & 41,900 \\ \hline Total & $130,600 & $113,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \begin{tabular}{r} BONITA C \\ Income St \\ For the Year Ended \end{tabular} & \begin{tabular}{l} IPANY \\ ement \\ cember 31 \end{tabular} & \\ \hline Sales revenue & & $242,900 \\ \hline Cost of goods sold & & 175,600 \\ \hline Gross profit & & 67,300 \\ \hline Selling expenses & $18,600 & \\ \hline Administrative expenses & 6,200 & 24,800 \\ \hline Income from operations & & 42,500 \\ \hline Interest expense & & 4,000 \\ \hline Income before income taxes & & 38,500 \\ \hline Income tax expense & & 7,700 \\ \hline Net income & & $30,800 \\ \hline \end{tabular} 1. Depreciation expense was $16,100. 2. Dividends declared and paid were $23,700. 3. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,700 and had accumulated depreciation of $10,100 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account. BONITA COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Cash Receipts from Customers $ Less cash payments: To Suppliers $ For Interest For Operating Expenses For Income Taxes Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Redemption of Bonds Issuance of Common Stock Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period $ Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $