For the Year Just Ending, Elena Electronics Inc

Multiple Choice

For the year just ending, Elena Electronics Inc. had sales revenue equal to $950,000, cost of goods sold $399,000, selling expenses $191,000, distribution expenses of $70,000, administration expenses of $62,000, depreciation expense $18,000, interest charges $44,000 and taxes at $57,000. During that year there was an increase in accounts receivable of $10,000 and no capital asset were purchased. What was the free cash flow generated for the year?

A) $117,000
B) $161,000
C) $171,000
D) $321,000
E) $557,000