Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Cor Statement of Cash E ws-Indirect Method Operating activities! Net income Adjustments to convert net income to cash basis $ 41,600 Preciation 20,900 (60, 100) (26, 100) 9600 54,300 (10, 200) 14,700 (6,900) 34,700 Increase in accounts receivable ase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities TIT Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities : Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Increase in common stock cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 14,800 (40,800) (120,000) (146,000) 88,400 39,600 (29,600) 98,400 (12,900) 27,500 14,600 Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Required: Compute Apex Company's free cash flow for the current year. (Negati Free cash flow