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				$	40,800
Adjustments to convert net income to cash basis:
Depreciation	$	21,200
Increase in accounts receivable		(61,900	)
Increase in inventory		(26,400	)
Decrease in prepaid expenses		10,900
Increase in accounts payable		53,700
Decrease in accrued liabilities		(10,900	)
Increase in income taxes payable		3,900			(9,500	)
Net cash provided by (used in) operating activities					31,300
Investing activities:
Proceeds from the sale of equipment		14,200
Loan to Thomas Company		(40,500	)
Additions to plant and equipment		(121,700	)
Net cash provided by (used in) investing activities					(148,000	)
Financing activities:
Increase in bonds payable		88,500
Increase in common stock		38,700
Cash dividends		(28,500	)
Net cash provided by (used in) financing activities					98,700
Net decrease in cash and cash equivalents					(18,000	)
Beginning cash and cash equivalents					28,200
Ending cash and cash equivalents				$	10,200

Required:

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