Apex Company prepared the statement of cash flows for the current year that is shown below:

Apex Company Statement of Cash FlowsIndirect Method
Operating activities:
Net income				$	40,300
Adjustments to convert net income to cash basis:
Depreciation	$	20,900
Increase in accounts receivable		(61,100	)
Increase in inventory		(25,500	)
Decrease in prepaid expenses		10,000
Increase in accounts payable		53,900
Decrease in accrued liabilities		(10,500	)
Increase in income taxes payable		3,600			(8,700	)
Net cash provided by (used in) operating activities					31,600
Investing activities:
Proceeds from the sale of equipment		14,200
Loan to Thomas Company		(41,300	)
Additions to plant and equipment		(121,700	)
Net cash provided by (used in) investing activities					(148,800	)
Financing activities:
Increase in bonds payable		89,200
Increase in common stock		38,000
Cash dividends		(28,500	)
Net cash provided by (used in) financing activities					98,700
Net decrease in cash and cash equivalents					(18,500	)
Beginning cash and cash equivalents					28,000
Ending cash and cash equivalents				$	9,500

Required:

Compute Apex Companys free cash flow for the current year