Depreciation Increase in accounts receivable Increase in inventory Apex Company prepared the statement of cash flows for the current year that is shown below: Operating activities: Net income Apex Company Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: $ 21,300 (60,800) (25,000) $ 41,000 Decrease in prepaid expenses 10,400 Increase in accounts payable 53,200 Decrease in accrued liabilities (11,300) Increase in income taxes payable 4,100 Net cash provided by (used in) operating activities (8,100) 32,900 Investing activities: Proceeds from the sale of equipment 15,900 Loan to Thomas Company (41,800) Additions to plant and equipment (120,200) Net cash provided by (used in) investing activities (146,100) Financing activities: Increase in bonds payable 89,900 Increase in common stock 38,600 Cash dividends (28,700) Net cash provided by (used in) financing activities Beginning cash and cash equivalents Net decrease in cash and cash equivalents 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 99,800 (13,400) 27,400 $ 14,000