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accounting help Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of Cash Flows-Indirect Method

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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 $ 41,700 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 $ 21,800 (60,700) (25,900) 10,500 53,200 (11,800) 4,400 (8,500) Net cash provided by operating activities 33,200 Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 14,700 (40,300) (121,400) Net cash used for investing activities (147,000) Financina activitioe: Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 14.700 (40,300) (121,400) Net cash used for investing activities Financing activities: Increase in bonds payable Increase in common stock (147,000) 89,500 38,300 (28,600) Cash dividends Net cash provided by financing 99,200 activities s Net decrease in cash Beginning cash balance (14,600) 27,200 Ending cash balance $12,600 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow

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