Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company atement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: 40,589 s 21,e00 (60,380) (26,800) 9,789 53,700 (11,e00) 4,900 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 8,888) 31,780 15,000 (40,880) (146, 700) 88,100 38,680 98,700 (16,3e0) 27,800 $ 11,5e0 Required: Compute Apex Company's free cash flow for the current year., (Negative amount should be indicat o search o@ e