Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Operating activities: Net income Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: Depreciation $ 40,200 $ 20,800 Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable (61,700) (25,200) 9,300 54,700 (11,400) 3,300 Net cash provided by (used in) operating activities Investing activities: (10,200) 30,000 Proceeds from the sale of equipment Loan to Thomas Company 16,000 (41,300) Additions to plant and equipment (120,600) Net cash provided by (used in) investing activities Financing activities: (145,900) Increase in bonds payable Increase in common stock 89,100 38,700 Cash dividends Net decrease in cash and cash equivalents (28,800) Net cash provided by (used in) financing activities 99,000 (16,900) Beginning cash and cash equivalents 27,200 Ending cash and cash equivalents $ 10,300 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow