Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $40,300 Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities (146,700) Financing activities: Increase in bonds payable Increase in common stock Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents 15,500 (41,500) \begin{tabular}{rr} 4,200 & (9,400) \\ \hline 30,900 \end{tabular} Ending cash and cash equivalents 98,200(17,600)28,900$11,300 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.)