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

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 Flows-Indirect Method Operating activities Net income Adjustments to convert net income to cash basis $ 41,600 $ 22,000 (60,700) (26,200) 9,700 54,600 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable (11,600) 7 300) 4,900 (7,300) Decrease in accrued liabilities Increa se in income taxes payable 34,300 Net cash provided by operating activities Investing activities Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 14,200 (41,000) (121,100) (147,900) Net cash used for investing activities Financing activities Increase in bonds payable Increase in common stock Cash dividends 90,000 39,900 (28,800) Net cash provided by financing activities 101,100 Net decrease in cas Beginning cash balance (12,500) 27,900 Ending cash balance $ 15,400