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JASPER COMPANY Balance Sheets as of December 31,2022 and 2021 Assets ...

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Accounting

JASPER COMPANY
Balance Sheets as of December 31,2022 and 2021
Assets
20222021
Cash $ 405 $310
Accounts receivable 3,0552,640
Inventory 3,8503,275
Property, plant, and equipment (net)10,67010,960
Total $17,980 $17,185
Liabilities and Stockholders Equity
20222021
Accounts payable $ 2,570 $ 2,720
Current portion of long-term debt payable 0100
Long-term debt 8,1007,875
Common stock 5,2505,000
Retained earnings 2,0601,490
Total $17,980 $17,185
JASPER COMPANY
2022 Income Statement
Sales $9,610
Cost of goods sold 6,310
Gross profit 3,300
Depreciation expense 1,370
Earnings before interest and taxes 1,930
Interest expense 630
Earnings before taxes 1,300
Income tax expense 455
Net income $845
a. Considering the left-hand side of the cash flow identity (cash flows from assets associated with investment activities), determine Jasper Companys free cash flow (FCF) for the year 2022.

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