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Apex Company prepared the statement of cash flows for the current year that is shown below t of Cash Fl Operating activities: Net income Adjustments

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Apex Company prepared the statement of cash flows for the current year that is shown below t of Cash Fl Operating activities: Net income Adjustments to convert net income to cash basis 40,300 $ 21,200 Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities (60,100) (26,900) 10,900 54,800 (12,000) 4,900 (7,200) Increase in income taxes payable Net cash provided by operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 33,100 15,600 40,000) (120,600) (145,000) Net cash used for investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends 88,100 39,600 (29,900) Net cash provided by financing activities 97,800 Net decrease in cash Beginning cash balance (14,100) 28,600 S 14,500 Ending cash balance Required Compute Apex Company's free cash flow for the current year. (Negative amount shouid be indicated by a minus sign.) ree cash flow

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