Apex Company prepared the statement of cash flows shown below:

Apex Company

Statement of Cash Flows$$Indirect Method

Operating activities:

Net income $ $40,800$

Adjustments to convert net income to cash basis:

Depreciation $ $21,100$

Increase in accounts receivable $(61,300)$

Increase in inventory $(25,500)$

Decrease in prepaid expenses $10,300$

Increase in accounts payable $54,500$

Decrease in accrued liabilities $(10,600)$

Increase in income taxes payable $3,100(8,400)$

Net cash provided by $($used in$)$ operating activities $32,400$

Investing activities:

Proceeds from the sale of equipment $14,900$

Loan to Thomas Company $(41,600)$

Additions to plant and equipment $(121,000)$

Net cash provided by $($used in$)$ investing activities $(147,700)$

Financing activities:

Increase in bonds payable $88,400$

Increase in common stock $39,900$

Cash dividends $(28,900)$

Net cash provided by $($used in$)$ financing activities $99,400$

Net decrease in cash and cash equivalents $(15,900)$

Beginning cash and cash equivalents $28,300$

Ending cash and cash equivalents $ $12,400$

Required:

Compute Apex Company$$s free cash flow.

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