Reference no: EM13612016

Threets Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $45 $44 Accounts receivable 101 97 Inventory 100 92 Property, plant and equipment 520 420 Less accumulated depreciation 191 189 Total assets $575 $464 Liabilities and stockholder's equity: Accounts payable $70 $77 Bonds payable 61 76 Common stock 51 46 Retained earnings 393 265 Total liabilities and stockholder's equity $575 $464 The company's net income for the year was $155 and it paid a cash dividend. It did not dispose of any property, plant, and equipment during the year. The company did not issue any bonds payable or repurchase any of its own common stock. The free cash flow for the year was: