Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: $ 41,600 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable $ 21,700 (61,200) (26,000) 10,300 53,600 Decrease in accrued liabilities (11,200) Increase in income taxes payable 4,900 Net cash provided by (used in) operating activities Investing activities: (7,900) 33,700 Proceeds from the sale of equipment Loan to Thomas Company 15,300 (41,600) Additions to plant and equipment (121,300) Net cash provided by (used in) investing activities (147,600) Financing activities: Increase in bonds payable Increase in common stock 88,800 38,800 Beginning cash and cash equivalents Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Ending cash and cash equivalents Required: $ 12,900 Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow (29,000) 98,600 (15,300) 28,200