Apex Company Statement of Cash FlowsIndirect Method
Operating activities:
Net income		$ 42,000
Adjustments to convert net income to cash basis:
Depreciation	$ 21,900
Increase in accounts receivable	(61,800)
Increase in inventory	(25,200)
Decrease in prepaid expenses	9,700
Increase in accounts payable	53,700
Decrease in accrued liabilities	(10,800)
Increase in income taxes payable	4,100	(8,400)
Net cash provided by (used in) operating activities		33,600
Investing activities:
Proceeds from the sale of equipment	15,500
Loan to Thomas Company	(40,800)
Additions to plant and equipment	(120,000)
Net cash provided by (used in) investing activities		(145,300)
Financing activities:
Increase in bonds payable	88,100
Increase in common stock	39,300
Cash dividends	(30,000)
Net cash provided by (used in) financing activities		97,400
Net decrease in cash and cash equivalents		(14,300)
Beginning cash and cash equivalents		28,000
Ending cash and cash equivalents		$ 13,700

Required:

Compute Apex Companys free cash flow for the current year.