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

Apex Company

Statement of Cash Flows$-$Indirect Method

Operating activities:

Net income

Adjustments to convert net income to cash basis:

Depreciation

Increase $in$ accounts receivable $$20,700$

$,(61,900)$

Increase $in$ inventory $(25,700)$

Decrease $in$ prepaid expenses $10,600$

Increase $in$ accounts payable $53,000$

Decrease $in$ accrued liabilities $(10,400)$

Increase in income taxes payable

Net cash provided by $($used in$)$ operating activities

Investing activities:

Proceeds from the sale $of$ equipment $14,500$

Loan to Thomas Company $,(40,800)$

Additions to plant and equipment $,(120,700)$

Net cash provided by $($used in$)$ investing activities $(147,000)$

Financing activities:

Increase $in$ bonds payable $88,400$

Increase $in$ common stock $39,400$

Cash dividends $,(29,600)$

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

$$40,700$

$\backslash$table$[[4,400,(9,300)$