Reference no: EM132473152
Problem - Sage Hill Inc. engaged in the following cash transactions during 2017.
Purchase of land $126,000
Purchase of treasury stock 38,000
Issuance of preferred stock 211,000
Sale of land and buildings 286,000
Payment of cash dividends 42,000
Purchase of equipment 83,000
Retirement of bonds 308,000
Sage Hill reported net cash provided by operating activities of $597,000. Determine Sage Hill's free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
What is the free cash flow?