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 $ 40,900 Adjustments to convert net income to cash basis: 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 $ 20,300 (61,800) (25,700) 11,000 54,600 (11,400) 3,300 Net cash provided by (used in) operating activities Investing activities: (9,700) 31,200 Proceeds from the sale of equipment Loan to Thomas Company 15,100 (40,300) Additions to plant and equipment (121,500) Net cash provided by (used in) investing activities (146,700) Financing activities: Increase in bonds payable Increase in common stock Cash dividends 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 88,500 38,600 (29,400) 97,700 (17,800) 28,800 $ 11,000 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow