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

$

41,900

Adjustments to convert net income to cash basis:

Depreciation

$

20,100

Increase in accounts receivable

(60,800)

Increase in inventory

(26,800)

Decrease in prepaid expenses

10,100

Increase in accounts payable

54,300

Decrease in accrued liabilities

(11,900)

Increase in income taxes payable

3,400

(11,600)

Net cash provided by operating activities

30,300

Investing activities:

Proceeds from the sale of equipment

14,500

Loan to Thomas Company

(41,000)

Additions to plant and equipment

(121,900)

Net cash used for investing activities

(148,400)

Financing activities:

Increase in bonds payable

90,000

Increase in common stock

38,200

Cash dividends

(28,300)

Net cash provided by financing activities

99,900

Net decrease in cash

(18,200)

Beginning cash balance

27,400

Ending cash balance

$

9,200

Required:

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

Free cash flow