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				$	40,600
Adjustments to convert net income to cash basis:
Depreciation	$	20,700
Increase in accounts receivable		(61,500	)
Increase in inventory		(25,100	)
Decrease in prepaid expenses		10,300
Increase in accounts payable		53,300
Decrease in accrued liabilities		(10,800	)
Increase in income taxes payable		3,500			(9,600	)
Net cash provided by (used in) operating activities					31,000
Investing activities:
Proceeds from the sale of equipment		14,400
Loan to Thomas Company		(40,900	)
Additions to plant and equipment		(121,100	)
Net cash provided by (used in) investing activities					(147,600	)
Financing activities:
Increase in bonds payable		89,400
Increase in common stock		39,400
Cash dividends		(29,300	)
Net cash provided by (used in) financing activities					99,500
Net decrease in cash and cash equivalents					(17,100	)
Beginning cash and cash equivalents					28,100
Ending cash and cash equivalents				$	11,000

Required:

Compute Apex Companys free cash flow for the current year.