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 operating activities Net income Adjustments to convert net income to cash basis: points Depreciation Increase in accounts receivable (61,9ee) (25,2e0) Increase in inventory Decrease in prepaid expenses Increase in accounts payable 54,7e0 Decrease in accrued 1iabilitie Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Pr ceeds from the sale of equipment (9,5ee) 31,5ee 3, 2ee 15,7ee (41,see Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends (145,8ee) 39,8ee 29,10e Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents 9e.50e (13,8ee) 28,9ee Ending cash and cash equivalents $ 15,190 Required Compute Apex Company's free cash flow for the current year. (Negative amount should be Indicated by a minus sign.) Answer is complete but not entirely correct. ree cash flow (88,500) Prey 2 of 4 Next