2 Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method 3 points Operating activities: Net income $ 40,700 Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory $ 21,700 (61,000) (25,300) eBook Decrease in prepaid expenses 10,500 Increase in accounts payable 54,200 Decrease in accrued liabilities (11,100) Increase in income taxes payable 5,000 Hint Net cash provided by (used in) operating activities (6,000) 34,700 Investing activities: Proceeds from the sale of equipment 15,400 Loan to Thomas Company (41,300) Print Additions to plant and equipment (120,600) Net cash provided by (used in) investing activities (146,500) Financing activities: Increase in bonds payable References Increase in common stock 88,500 38,900 Cash dividends (29,900) Net cash provided by (used in) financing activities 97,500 (14,300) 28,700 Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Required: $ 14,400 Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow