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		$ 40,500
Adjustments to convert net income to cash basis:
Depreciation	$ 20,500
Increase in accounts receivable	(60,800)
Increase in inventory	(26,000)
Decrease in prepaid expenses	10,700
Increase in accounts payable	54,500
Decrease in accrued liabilities	(11,500)
Increase in income taxes payable	5,000	(7,600)
Net cash provided by (used in) operating activities		32,900
Investing activities:
Proceeds from the sale of equipment	15,000
Loan to Thomas Company	(41,500)
Additions to plant and equipment	(121,000)
Net cash provided by (used in) investing activities		(147,500)
Financing activities:
Increase in bonds payable	88,100
Increase in common stock	38,200
Cash dividends	(28,500)
Net cash provided by (used in) financing activities		97,800
Net decrease in cash and cash equivalents		(16,800)
Beginning cash and cash equivalents		27,500
Ending cash and cash equivalents		$ 10,700

Required:

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