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 $ $41,800$

Adjustments to convert net income to cash basis:

Depreciation $ $20,100$

Increase in accounts receivable $(62,000)$

Increase in inventory $(26,600)$

Decrease in prepaid expenses $9,400$

Increase in accounts payable $54,300$

Decrease in accrued liabilities $(11,800)$

Increase in income taxes payable $3,300(13,300)$

Net cash provided by $($used in$)$ operating activities $28,500$

Investing activities:

Proceeds from the sale of equipment $15,700$

Loan to Thomas Company $(40,500)$

Additions to plant and equipment $(121,800)$

Net cash provided by $($used in$)$ investing activities $(146,600)$

Financing activities:

Increase in bonds payable $88,400$

Increase in common stock $38,000$

Cash dividends $(28,500)$

Net cash provided by $($used in$)$ financing activities $97,900$

Net decrease in cash and cash equivalents $(20,200)$

Beginning cash and cash equivalents $27,200$

Ending cash and cash equivalents $ $7,000$

Required:

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