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	$ 20,700
Increase in accounts receivable	(61,800)
Increase in inventory	(27,000)
Decrease in prepaid expenses	9,100
Increase in accounts payable	53,500
Decrease in accrued liabilities	(11,100)
Increase in income taxes payable	3,800	(12,800)
Net cash provided by (used in) operating activities		28,000
Investing activities:
Proceeds from the sale of equipment	15,200
Loan to Thomas Company	(40,700)
Additions to plant and equipment	(121,200)
Net cash provided by (used in) investing activities		(146,700)
Financing activities:
Increase in bonds payable	89,400
Increase in common stock	39,600
Cash dividends	(29,600)
Net cash provided by (used in) financing activities		99,400
Net decrease in cash and cash equivalents		(19,300)
Beginning cash and cash equivalents		29,000
Ending cash and cash equivalents		$ 9,700

Required:

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