Tiles Limited had the following balance sheet at the end of operation for 2015 and 2016 respectively
TILES LTD as at Dec. 2015 as at Dec. 2016
|
Cash
|
24,000
|
Current Liabilities
|
30,000
|
Cash
|
87,000
|
Current Liabilities
|
30,000
|
|
Other Current assets
|
51,000
|
LT - Notes Payable
|
33,000
|
Other Current assets
|
51,000
|
LT - NotesPayable
|
39,000
|
|
Total current assets
|
75,000
|
Bonds
|
40,000
|
Total current assets
|
138,000
|
Bonds
|
42,000
|
|
Investments
|
40,000
|
Common Stock
|
150,000
|
Investments
|
20,000
|
Common Stock
|
170,000
|
|
Fixed assets (net)
|
125,000
|
Retained Earnings
|
49,000
|
Fixed assets (net)
|
107,000
|
Retained Earnings
|
76,000
|
|
Land
|
62,000
|
|
302,000
|
Land
|
92,000
|
|
357,000
|
|
302,000
|
|
|
|
357,000
|
|
|
For the period ending 2016, Net Income, Interest and taxes were $42,000, $10,000 and $25,000 respectively.
Depreciation Expense was $18,000. Determine Tiles Ltd's FCF for 2016.