ABC Company had the following information
ABC Company had the following information
regarding their accounts. Increase in accounts
receivable of $10,200; decrease in supplies of
$3,100; gains on sale of equipment of $7,400;
losses on sales of equipment of $630; net income of
$63,150; increase in accounts payable of $3,500,
and depreciation of $12,340. In addition, expected
capital expenditures are $12,000 and dividends are
$7,500. What is the free cash flow?