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

Operating Activities
Net Income		$40,000
Adjustments to convert net income to chase Basis:
depreciation	$22,000
Increase in accounts Receivable	($60,000)
Increase in inventory	($25,000)
Decrease in prepaid expenses	$9,000
Increase in accounts Payable	$55,000
Decrease in accused liabilities	($12,000)
Increase in income taxes Payable	$5,000	($6,000)
Net cash provided by (used in) operating activities		$34,000
Investing Activities:
Proceeds from the sale of equipment	$14,000
Loan to Thomas Company	($40,000)
Additions to plant equipment	($110,000)
Net Csh provided by (used in) investing activities		($136,000)
Financing Activities:
Increase in bonds payable	$90,000
Increase in common stock	$40,000
Cash Dividends	($30,000)
Net cash provided by (used in) financing activities		$100,000
Net decrease in cash and cash equivalents		($2,000)
Beginning cash and cash equivalents		$27,000
Ending Cash and cash equivalents		$25,000

Show work and Compute Apex Companys free cash flow for the current year.