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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

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: $ 41,300 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: $ 21,500 (60,800) (26,400) 10,500 54,200 (11,700) 3,700 (9,000) 32,300 Proceeds from the sale of equipment Loan to Thomas Company 14,900 (41,500) Additions to plant and equipment Net cash provided by (used in) investing activities (121,800) (148,400) Financing activities: Increase in bonds payable 89,300 Increase in common stock 39,400 Cash dividends (28,900) Net decrease in cash and cash equivalents Beginning cash and cash equivalents Net cash provided by (used in) financing activities 99,800 (16,300) 28,400 Ending cash and cash equivalents Required: $ 12,100 Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Answer is complete but not entirely correct. Free cash flow $ (116,100)

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