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 Adiustments to convert net income to cash basis: $ 40,600 $ 21,600 (62,000) (25,100) 10,100 55,000 (10,800) Depreciation Increase in accounts receivable ncrease in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable 4,600(6,600) 34,000 Net cash provided by operating activities Investing activities; Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 15,200 (40,500) (121,300) (146,600) Net cash used for investing activities Financing activities: Increase in bonds pavable Increase in common stock Cash dividends 89,600 38,100 (28,800) Net cash provided by financing activities 98,900 Net decrease in cash Beginning cash balance (13,700) 28,300 Ending cash balance $ 14,600