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				$	40,300
Adjustments to convert net income to cash basis:
Depreciation	$	21,700
Increase in accounts receivable		(61,000	)
Increase in inventory		(26,800	)
Decrease in prepaid expenses		9,600
Increase in accounts payable		53,100
Decrease in accrued liabilities		(11,000	)
Increase in income taxes payable		3,900			(10,500	)
Net cash provided by (used in) operating activities					29,800
Investing activities:
Proceeds from the sale of equipment		14,600
Loan to Thomas Company		(40,500	)
Additions to plant and equipment		(120,100	)
Net cash provided by (used in) investing activities					(146,000	)
Financing activities:
Increase in bonds payable		88,600
Increase in common stock		39,800
Cash dividends		(28,500	)
Net cash provided by (used in) financing activities					99,900
Net decrease in cash and cash equivalents					(16,300	)
Beginning cash and cash equivalents					28,800
Ending cash and cash equivalents				$	12,500

compute apex companys free cash flow for the current year