Question:
Martinez Corporation engaged in the following cash transactions during 2012.
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Sale of land and building
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$184,740
|
|
Purchase of treasury stock
|
|
40,990
|
|
Purchase of land
|
|
38,380
|
|
Payment of cash dividend
|
|
87,110
|
|
Purchase of equipment
|
|
55,580
|
|
Issuance of common stock
|
|
148,090
|
|
Retirement of bonds
|
|
103,550
|
Determine Martinezs free cash flow, assuming that it reported net cash provided by operating activities of $405,700.