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				$	40,000
Adjustments to convert net income to cash 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 accrued 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 and equipment		(110,000	)
Net cash 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

Required:

Compute Apex Companys free cash flow for the current year. (Negative amount should be indicated by a minus sign.)