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The following information is available for Sheridan Corporation:
Capital Expenditures $133,000
Cash Dividends $93,000
Cash provided by operating activities $274,000
Net income $148,000
Sales $618,000
Compute Sheridan Corporation's free cash flow.
If the tax rate is 40% and net income after bonus and income tax was $360,000, what was the amount of the bonus?
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