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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 FlowsIndirect Method Operating activities:

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 $ 41,800
Adjustments to convert net income to cash basis:
Depreciation $ 21,900
Increase in accounts receivable (60,100 )
Increase in inventory (25,700 )
Decrease in prepaid expenses 9,700
Increase in accounts payable 53,700
Decrease in accrued liabilities (10,900 )
Increase in income taxes payable 4,800 (6,600 )
Net cash provided by (used in) operating activities 35,200
Investing activities:
Proceeds from the sale of equipment 15,000
Loan to Thomas Company (41,700 )
Additions to plant and equipment (120,400 )
Net cash provided by (used in) investing activities (147,100 )
Financing activities:
Increase in bonds payable 89,600
Increase in common stock 39,200
Cash dividends (28,500 )
Net cash provided by (used in) financing activities 100,300
Net decrease in cash and cash equivalents (11,600 )
Beginning cash and cash equivalents 27,800
Ending cash and cash equivalents $ 16,200

Required:

Compute Apex Companys free cash flow for the current year.

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