CH 2 Apex Company prepared the statement of cash flows for the current year that is shown below: 1 points eBook Hint Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 41,600 Adjustments to convert net income to cash basis: Depreciation $ 20,300 Increase in accounts receivable (61,800) Increase in inventory (26,500) Decrease in prepaid expenses 9,400 Increase in accounts payable 53,900 Decrease in accrued liabilities (11,100) Increase in income taxes payable 4,900 (10,900) Net cash provided by operating activities 30,700 Investing activities: Proceeds from the sale of equipment 15,200 Loan to Thomas Company (40,200) Additions to plant and equipment (121,500) Net cash used for investing activities (146,500) Financing activities: Increase in bonds payable 89,000 Increase in common stock 39.900 Cash dividends (29,200) Net cash provided by financing activities 99,700 Print 0 References Net decrease in cash Beginning cash balance (16,100) 28.300 Ending cash balance $ 12,200 Me GE Hai Prou Saved CH. 14 - STATEMENT OF CASH FLOWS 2 Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable (26,500) 9,400 53,900 (11,100) 4,900 (10,900) 30,700 1 points 15,200 (40,200) (121,500) eBook Net cash provided by operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash used for investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends Net cash provided by financing activities (146,500) Hint 89,000 39,900 (29,200) Print 99,700 0 References Net decrease in cash Beginning cash balance (16,100) 28,300 Ending cash balance $ 12,200 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow