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: $ 22,000 (60,000) (25,000) $ 40,000 Decrease in prepaid expenses 9,000 Increase in accounts payable. 55,000 Decrease in accrued liabilities (12,000) Increase in income taxes payable 5,000 (6,000) Ces Net cash provided by (used in) operating activities Investing activities: 34,000 Proceeds from the sale of equipment 14,000 Loan to Thomas Company (40,000) Additions to plant and equipment (110,000) Net cash provided by (used in) investing activities (136,000) Financing activities: Increase in bonds payable 90,000. Increase in common stock 40,000. Net cash provided by (used in) financing activities Beginning cash and cash equivalents Cash dividends 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 (30,000) 100,000 (2,000) 27,000 $ 25,000