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1 Apex Company prepared the statement of cash flows for the current year that is shown below: points $ 41,000 eBook $ 21,000 (60,600) (26,100)

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1 Apex Company prepared the statement of cash flows for the current year that is shown below: points $ 41,000 eBook $ 21,000 (60,600) (26,100) 9,600 54,900 (10,700) 3,400 (8.500) 32,500 Hint Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Not can provided by used in) Investing activities Financing activities: Increase in bonds payable Increase in common stock Canh dividendo Net cash provided by (uned in) financing activities Net decrease in cash and cash equivalents Beginning cash and canh equivalents Ending cash and cash equivalents 14,400 (40,300) (120,700) Print (146,600) References 88,900 39,800 29,100) 99,600 (14,500) 28,800 $ 14,300 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow 1 Bonds payable Common stock Retained earnings Total liabilities and equity 248 94 130 $ 595 219 88 58 $ 516 1 points Net income for the year was $94 Cash dividends were $22. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in operating activities for the year was Book References Multiple Choice $149 (527) 0 585 5121 Mc

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