Apex Company prepared the statement of cash flows shown below: Operating activities: Net income Apex Company Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: $ 41,600 Depreciation $ 20,600 Increase in accounts receivable Increase in inventory (60,300) (25,300) Decrease in prepaid expenses 10,300 Increase in accounts payable 54,600 Decrease in accrued liabilities (11,100) Increase in income taxes payable 4,300 (6,900) Net cash provided by (used in) operating activities 34,700 Investing activities: Proceeds from the sale of equipment 14,200 Loan to Thomas Company (41,800) Additions to plant and equipment (120,300) Net cash provided by (used in) investing activities Financing activities: (147,900) Increase in bonds payable Increase in common stock 88,900 38,800 Cash dividends (30,000) Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 97,700 (15,500) 27,200 $ 11,700 Required: Compute Apex Company's free cash flow. Note: Negative amount should be indicated by a minus sign. Free cash flow