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

Apex Company Statement of Cash FlowsIndirect Method
Operating activities:
Net income				$	40,600
Adjustments to convert net income to cash basis:
Depreciation	$	21,000
Increase in accounts receivable		(61,900	)
Increase in inventory		(26,000	)
Decrease in prepaid expenses		9,600
Increase in accounts payable		53,400
Decrease in accrued liabilities		(10,400	)
Increase in income taxes payable		3,500			(10,800	)
Net cash provided by (used in) operating activities					29,800
Investing activities:
Proceeds from the sale of equipment		16,000
Loan to Thomas Company		(40,900	)
Additions to plant and equipment		(121,900	)
Net cash provided by (used in) investing activities					(146,800	)
Financing activities:
Increase in bonds payable		89,900
Increase in common stock		38,100
Cash dividends		(28,000	)
Net cash provided by (used in) financing activities					100,000
Net decrease in cash and cash equivalents					(17,000	)
Beginning cash and cash equivalents					27,400
Ending cash and cash equivalents				$	10,400

Required:

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