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Presented here are the financial statements of Crane Company. Additional data: Depreciation expense was...

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Accounting

Presented here are the financial statements of Crane Company.
Additional data:
Depreciation expense was $29,750.
Dividends declared and paid were $34,000.
During the year, equipment was sold for $14,450 cash. This equipment originally cost $30,600 and had accumulated
depreciation of $16,150 at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash.
(b)
Compute free cash flow. (Show amounts that decrease free cash flow with either a- sign e.g.-15,000 or in parenthesis e.g.(15,000).)
Free cash flow $
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