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Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,900 (8,600) 32,300 Apex Company Statement of Cash
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,900 (8,600) 32,300 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation $ 20,000 Increase in accounts receivable (60,300) Increase in inventory (25,700) Decrease in prepaid expenses 10,800 Increase in accounts payable 53,300 Decrease in accrued liabilities (10,600) Increase in income taxes payable 3,900 Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment 15,300 Loan to Thomas Company (41,200) Additions to plant and equipment (121,200) Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable 89,400 Increase in common stock 38,500 Cash dividends (28,300) 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 (147,100) 99,600 (15,200) 27,200 12,000 $ Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow
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