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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

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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 $ 41,400 Adjustments to convert net income to cash basist Depreciation $ 20,300 Increase in accounts receivable (60,800) Increase in Inventory (25, 100) Decrease in prepaid expenses 10,500 Increase in accounts payable 54,200 Decrease in accrued liabilities (10,700) Increase in income taxes payable 3,900 (7.700) Net cash provided by used in operating activities 33,700 Tnvesting activities: Proceeds from the sale of equipment 15.700 Loan to Thomas Company (40,200) Additions to plant and equipment (122.000 Det cash provided by (used in) Investing activities (146,500) Financing activities Increase in bonds payable 89.000 Increase in common stock 39, 2011 Cash dividends (29.600) Net cash provided by used in) Financing activities 99 100 Net decrease in cash and cash equivalents (13,700) Beginning cash and cash equivalents 20.000 Ending cash and cash equivalents $ 15,100 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.)

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