Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income 41,800 Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable S 21,500 (60,200) (25,400) in inventory Increase Decrease in prepaid expenses 10,800 53,800 (10,100) 4,200 in accounts payable in accrued liabilities Increase Decrease Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment (5,400) 36,400 14,200 (41,000) Loan to Thomas Company additions and equipment (121,800) to plant Net cash provided by (used in) investing activities Financing activities : Increase in bonds payable Increase in common stock (148,600) 88,000 39,000 (29,200) Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents 97,800 (14,400) 27,700 0 Ending cash and cash equivalents Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow