For the just complated year, Hanna Company had net income of $84,000. Balances in the companys current asset and current liability accounts at the beginning and end of the year were as follows: December 31 Beginning o Year End of Year Current assets: Cash Accounts receivable Prepaid expenses Accounts payable S 60,000 S 82,000 5 162,000 194,000 5 436,000 5 349,000 5 12,500 15,000 Current liabilities Accrued labilities Income taxes payable S 350,000 S 384,000 5 8,500 S 12,500 5 36,000 27,000 The Accumulated Depreciation account had total credits of $58,000 during the year. Hanna Company did not record any gains or losses during the yea Required Use the indirect method to determine the net cash provided by (or used in) operating activities for the year List any deduction in cash and cash outflows as negative amounts.) Statement of Cash Flows-Indirect Method Net income Adjustments to convert net income to a cash basis: Net cash provided by (used in) operating activities Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of Cash Flows-Indirect Method Net income Adjustments to convert net income to cash basis S 40,900 S 21,400 Increase in accounts receivable (80,400) (25,000) 9,100 54,500 (11,100) 4,500 (7,000) Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued iabilities Increase in income taxes payable Net cash provided by operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 33,900 14,600 40,000) (120,200) Net cash used for investing activites Financing activities: Increase in bonds payable Increase in common stock Cash dividends (145,800) 89,700 39,500 (28,500) Net cash provided by financing activities 100,700 Net decrease in cash Beginning cash balance (11,000) 28,800 Ending cash balance S 17,800 Required Compute Apex Company's free cash fow for the current year. (Negative amount should be indicated by a minus sign.)