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 $ 40,900 Adjustments to convert net income to cash basis: Depreciation $ 20,800 Increase in accounts receivable (60,600) Increase in inventory (26,600) Decrease in prepaid expenses 10,000 Increase in accounts payable 54,600 Decrease in accrued liabilities (11,200) Increase in income taxes payable 3,200 (9,800) Net cash provided by operating activities 31,100 Investing activities: Proceeds from the sale of equipment 15,600 Loan to Thomas Company (41,800) Additions to plant and equipment (120,900) Net cash used for investing activities (147,100) Financing activities: Increase in bonds payable 88,900 Increase in common stock 39,800 Cash dividends (30,000) Net cash provided by financing activities 98,700 Net decrease in cash (17,300) Beginning cash balance 27,900 Ending cash balance $ 10,600 Required: Compute Apex Companys free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Apex Company Statement of Cash FlowsIndirect Method Operating activities: Net income $ 40,900 Adjustments to convert net income to cash basis: Depreciation $ 20,800 Increase in accounts receivable (60,600) Increase in inventory (26,600) Decrease in prepaid expenses 10,000 Increase in accounts payable 54,600 Decrease in accrued liabilities (11,200) Increase in income taxes payable 3,200 (9,800) Net cash provided by operating activities 31,100 Investing activities: Proceeds from the sale of equipment 15,600 Loan to Thomas Company (41,800) Additions to plant and equipment (120,900) Net cash used for investing activities (147,100) Financing activities: Increase in bonds payable 88,900 Increase in common stock 39,800 Cash dividends (30,000) Net cash provided by financing activities 98,700 Net decrease in cash (17,300) Beginning cash balance 27,900 Ending cash balance $ 10,600 Required: Compute Apex Companys free cash flow for the current year. (Negative amount should be indicated by a minus sign.)