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Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Comp any Statement of Cash Flows-Indirect Method Operating
Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Comp any Statement of Cash Flows-Indirect Method Operating activities Net income Adjustments to convert net income to cash basis $ 40, 500 $20, 900 (61, 100) (25, 700) 9, 300 53, 200 (11, 100) 4, 000 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities (10, 500) 30, 000 Increase in income taxes payablie Net cash provided by (used in) operating activities Investing activities Proceeds rom the sale of equipment Loan to Thomas Company Additions to plant and equient Net cash provided by (used in) investing activities Financing activities Increase in bonds payable Increase in comunon stock Cash divi dends 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 14, 400 (41, 200) (121, 800) (148, 600) 89, 500 39, 300 (29, 600) 99, 200 (19, 400) 28, 200 $8, 800 Required Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow
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