Pilgrim corporation reports the following on its financial statements. cash paid for new equipment, $35,000 cash collected from customers, $120,000 paid a note payable, $10,000 cash collected in exchange for issuing additional shares of pilgrim stock to stockholders, $15,000 cash dividends paid, $5,000 the company reports $75,000 of net income for the year and it has $80,000 of cash at year-end. what is the company’s free cash flow? group of answer choices $15,000 $5,000 $35,000 $45,000 $80,000

Net free cash flow: = $80,000

Explanation:

As for the provided information:

Cash generated during the year

Less: Ending cash balance

= Cash flow of the year

For this:

Cash paid for purchase of new equipment =  - $35,000

Cash collected from customers = $120,000

Paid for outstanding note payable = - $10,000

Cash collected for issue of stock = $15,000

Cash dividends paid = - $5,000

Net income = $75,000

Closing balance of cash = - $80,000

Net free cash flow: = $80,000

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