Kate's Fashions Ltd. produces and sells high fashion merchandise. For the year ended June 30, 2013, the company reported $85,000 cash provided by operating activities, $18,000 by investing activities, and $49,000 by financing activities. Kate's Fashions paid $22,000 in dividends and spent $35,000 for new equipment. Its free cash flow for 2013 was
A) $95,000.
B) $63,000.
C) $50,000.
D) $28,000.
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