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		$ 40,700
Adjustments to convert net income to cash basis:
Depreciation	$ 21,000
Increase in accounts receivable	(61,600)
Increase in inventory	(25,100)
Decrease in prepaid expenses	10,200
Increase in accounts payable	54,600
Decrease in accrued liabilities	(11,100)
Increase in income taxes payable	4,700	(7,300)
Net cash provided by (used in) operating activities		33,400
Investing activities:
Proceeds from the sale of equipment	15,900
Loan to Thomas Company	(40,500)
Additions to plant and equipment	(121,700)
Net cash provided by (used in) investing activities		(146,300)
Financing activities:
Increase in bonds payable	88,000
Increase in common stock	38,200
Cash dividends	(29,300)
Net cash provided by (used in) financing activities		96,900
Net decrease in cash and cash equivalents		(16,000)
Beginning cash and cash equivalents		28,800
Ending cash and cash equivalents		$ 12,800

Required:

Compute Apex Companys free cash flow for the current year.