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 $ $40,300$

Adjustments to convert net income to cash basis:

Depreciation $ $21,900$

Increase in accounts receivable $(61,600)$

Increase in inventory $(26,700)$

Decrease in prepaid expenses $10,500$

Increase in accounts payable $53,200$

Decrease in accrued liabilities $(11,600)$

Increase in income taxes payable $4,900(9,400)$

Net cash provided by $($used in$)$ operating activities $30,900$

Investing activities:

Proceeds from the sale of equipment $14,600$

Loan to Thomas Company $(40,900)$

Additions to plant and equipment $(121,000)$

Net cash provided by $($used in$)$ investing activities $(147,300)$

Financing activities:

Increase in bonds payable $88,000$

Increase in common stock $38,500$

Cash dividends $(29,800)$

Net cash provided by $($used in$)$ financing activities $96,700$

Net decrease in cash and cash equivalents $(19,700)$

Beginning cash and cash equivalents $27,200$

Ending cash and cash equivalents $ $7,500$

Required:

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