Below Is a Condensed Version of the Comparative Balance Sheets

Below is a condensed version of the comparative balance sheets for Stiller Corporation for 2011 and 2012:
$\begin{array}{|l|r|r|}\hline & 2012 & 2011 \\\hline \text { Cash } & \$ 157,000 & \$ 78,000 \\\hline \text { Accounts Receivable } & 180,000 & 185,000 \\\hline \text { Investments } & 52,000 & 74,000 \\\hline \text { Equipment } & 298,000 & 240,000 \\\hline \begin{array}{l}\text { Less Accumulated } \\\text { depreciation }\end{array} & (106,000) & (89,000) \\\hline \text { Current liabilities } & 134,000 & 151,000 \\\hline \text { Common Stock } & 160,000 & 160,000 \\\hline \text { Retained Earnings } & 287,000 & 177,000\\\hline\end{array}$
Additional information:
Investments were sold at a loss (not extraordinary)of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000.
Required:
(a)Prepare a statement of cash flows for 2012 for Stiller Corporation.
(b)Calculate the company's free cash flow.