Answer Happy

Exercise 13-6 (Algo) Prepare a Statement of Cash Flows; Free
Cash Flow [LO13-1, LO13-2, LO13-3]
Comparative financial statement data for Carmono Company
follow:
For this year, the company reported net income as follows:
This year Carmono declared and paid a cash dividend. There were
no sales of property, plant, and equipment during this year. The
company did not repurchase any of its own stock this year.
Required:
1. Using the indirect method, prepare a statement of cash flows
for this year.
2. Compute Carmono’s free cash flow for this year.