Depreciation Increase in accounts receivable Increase in inventory Apex Company prepared the statement or cash flows for the current year that is snown below: Operating activities: Net income Apex Company Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: $ 21,400 (60,200) (26,200) $ 40,900 Decrease in prepaid expenses 10,500 Increase in accounts payable 54,100 Decrease in accrued liabilities (11,100) Increase in income taxes payable. 3,000 Net cash provided by (used in) operating activities (8,500) 32,400 Investing activities: Proceeds from the sale of equipment 16,000 Loan to Thomas Company (41,500) Additions to plant and equipment (120,700) Net cash provided by (used in) investing activities. (146,200) Financing activities: Increase in bonds payable 88,500 Increase in common stock 38,400 Cash dividends (29,400) Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents. Beginning cash and cash equivalents 97,500 (16,300). 27,600 Ending cash and cash equivalents $ 11,300 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow