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JASPER COMPANY Balance Sheets as of December 31,2022 and 2021 Assets ...

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Accounting

JASPER COMPANY

Balance Sheets as of December $31, 2022$ and $2021$

Assets

$2022 2021$

Cash $ $405$ $ $310$

Accounts receivable $3, 055 2, 640$

Inventory $3, 850 3, 275$

Property, plant, and equipment $($ net $) 10, 670 10, 960$

Total $ $17, 980$ $ $17, 185$

Liabilities and Stockholders Equity

$2022 2021$

Accounts payable $ $2, 570$ $ $2, 720$

Current portion of long $-$ term debt payable $0 100$

Long $-$ term debt $8, 100 7, 875$

Common stock $5, 250 5, 000$

Retained earnings $2, 060 1, 490$

Total $ $17, 980$ $ $17, 185$

JASPER COMPANY

$2022$ Income Statement

Sales $ $9, 610$

Cost of goods sold $6, 310$

Gross profit $3, 300$

Depreciation expense $1, 370$

Earnings before interest and taxes $1, 930$

Interest expense $630$

Earnings before taxes $1, 300$

Income tax expense $455$

Net income $ $845$

a $.$ Considering the left $-$ hand side of the cash flow identity $($ cash flows from assets associated with investment activities $),$ determine Jasper Companys free cash flow $($ FCF $)$ for the year $2022 .$

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