Apex Company prepared the statement of cash flows shown below: Required:

Compute Apex Company's free cash flow.

Note: Negative amount should be indicated by a minus sign.

Free cash flow

$\backslash$table$[[\backslash$table$[[$Apex Company$],[$Statement of Cash Flows$-$Indirect$]],\backslash$table$[[$Method$]],],[$Operating activities:,,$],[$Net income,,$$40,300],[$Adjustments to convert net income to cash basis:,,$],[$Depreciation$,$$$22,000,],[$Increase in accounts receivable,$(60,600),],[$Increase in inventory,$(26,600),],[$Decrease in prepaid expenses,$9,500,],[$Increase in accounts payable,$54,500,],[$Decrease in accrued liabilities,$(11,100),],[$Increase in income taxes payable,$3,800,(8,500)],[$Net cash provided by $($used in$)$ operating activities,,$31,800],[$Investing activities:,,$],[$Proceeds from the sale of equipment,$14,900,],[$Loan to Thomas Company,$(40,200),],[$Additions to plant and equipment,$(120,100),],[$Net cash provided by $($used in$)$ investing activities,,$(145,400)],[$Financing activities:,,$],[$Increase in bonds payable,$89,900,],[$Increase in common stock,$39,200,],[$Cash dividends,$(28,300),],[$Net cash provided by $($used in$)$ financing activities,,$100,800],[$Net decrease in cash and cash equivalents,,$(12,800)],[$Beginning cash and cash equivalents,,$28,400],[$Ending cash and cash equivalents,,$$15,600]]$