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 $ 40,400 Adjustments to convert net income to cash basis: Depreciation $ 20,700 Increase in accounts receivable (60, 100) Increase in inventory (26,600) Decrease in prepaid expenses 10,200 Increase in accounts payable 54,400 Decrease in accrued liabilities (10,900) Increase in income taxes payable 3,600 (8,700) Net cash provided by (used in) operating activities 31,700 Investing activities: Proceeds from the sale of equipment 14,100 Loan to Thomas Company (40,300) Additions to plant and equipment (120,100) Net cash provided by (used in) investing activities (146,300) Financing activities: Increase in bonds payable 89,200 Increase in common stock 39,000 Cash dividends (30,000) Net cash provided by (used in) financing activities 98,200 Net decrease in cash and cash equivalents (16,400) Beginning cash and cash equivalents 27,000 Ending cash and cash equivalents $ 10,600 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow