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			$	41,200
Adjustments to convert net income to cash basis:
Depreciation	$	20,400
Increase in accounts receivable		(62,000)
Increase in inventory		(25,200)
Decrease in prepaid expenses		9,900
Increase in accounts payable		54,000
Decrease in accrued liabilities		(11,000)
Increase in income taxes payable		3,300		(10,600)
Net cash provided by operating activities				30,600
Investing activities:
Proceeds from the sale of equipment		15,400
Loan to Thomas Company		(40,000)
Additions to plant and equipment		(121,100)
Net cash used for investing activities				(145,700)
Financing activities:
Increase in bonds payable		89,100
Increase in common stock		39,800
Cash dividends		(28,900)
Net cash provided by financing activities				100,000
Net decrease in cash				(15,100)
Beginning cash balance				27,900
Ending cash balance			$	12,800

Required:

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

Comparative financial statement data for Carmono Company follow:

	This Year		Last Year
Assets
Cash	$	16.00	$	31.00
Accounts receivable		84.00		77.00
Inventory		135.00		123.40
Total current assets		235.00		231.40
Property, plant, and equipment		282.00		228.00
Less accumulated depreciation		59.20		44.40
Net property, plant, and equipment		222.80		183.60
Total assets	$	457.80	$	415.00
Liabilities and Stockholders Equity
Accounts payable	$	81.00	$	63.00
Common stock		186.00		142.00
Retained earnings		190.80		210.00
Total liabilities and stockholders equity	$	457.80	$	415.00

For this year, the company reported net income as follows:

Sales	$	1,700.00
Cost of goods sold		1,020.00
Gross margin		680.00
Selling and administrative expenses		660.00
Net income	$	20.00

This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.

Required:
1.	Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places.)

2.	Compute Carmonos free cash flow for this year. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.)