Apex Company prepared the statement of cash flows for the current year that is shown below: Operating activities: Net income Apex Company Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: $ 40,800 Depreciation Increase in accounts receivable $ 20,500 (60,700) Increase in inventory (25,400) Decrease in prepaid expenses 10,600 Increase in accounts payable 54,800 Decrease in accrued liabilities (11,900) Increase in income taxes payable 3,900 Net cash provided by (used in) operating activities (8,200) 32,600 Investing activities: Proceeds from the sale of equipment 15,900 Loan to Thomas Company (41,200) Additions to plant and equipment (121,700) Net cash provided by (used in) investing activities (147,000) Financing activities: Increase in bonds payable. Increase in common stock 89,100 39,300 Cash dividends (28,100) 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: 100,300 (14,100) 27,800 $ 13,700 Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: $ 40,800 Depreciation $ 20,500 Increase in accounts receivable Increase in inventory (60,700) (25,400) Decrease in prepaid expenses 10,600 Increase in accounts payable 54,800 Decrease in accrued liabilities (11,900) Increase in income taxes payable 3,900 Net cash provided by (used in) operating activities (8,200) 32,600 Investing activities: Proceeds from the sale of equipment 15,900 Loan to Thomas Company (41,200) Additions to plant and equipment (121,700) Net cash provided by (used in) investing activities (147,000) Financing activities: Increase in bonds payable 89,100 Increase in common stock 39,300 Cash dividends Net cash provided by (used in) financing activities (28,100) Net decrease in cash and cash equivalents Beginning cash and cash equivalents 100, 300- (14,100) 27,800 Ending cash and cash equivalents $ 13,700 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow