Question

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?

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