Adjustments to reconcile net income to net cash provided by operating activities.

Do It! Review 13-3Obermeyer Corporation issued the following statement of cash flows for 2015.OBERMEYER CORPORATIONStatement of Cash FlowsIndirect MethodFor the Year Ended December 31, 2015Cash flows from operating activities Net income$56,480 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense$8,990 Loss on disposal of equipment9,450 Increase in inventory(5,080) Decrease in accounts receivable3,180 Decrease in accounts payable(2,130)14,410 Net cash provided by operating activities70,890Cash flows from investing activities Sale of investments2,970 Purchase of equipment(28,700) Net cash used by investing activities(25,730)Cash flows from financing activities Issuance of stock21,640 Payment on long-term note payable(11,850) Payment for dividends(14,320) Net cash used by financing activities(4,530)Net increase in cash40,630Cash at beginning of year11,730Cash at end of year$52,360(a)Compute free cash flow for Obermeyer Corporation.Free cash flow for Obermeyer Corporation$