For the just completed year, Hanna Company had net income of $73,500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: December 31 End of Beginning Year of Year Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 56,000 $ 78,000 $ 158,000 $186,000 $448,000 $358,000 $ 11,500 $ 14,500 $364,000 $390,000 $ 9,000 $ 13,000 $ 35,000 $ 29,000 The Accumulated Depreciation account had total credits of $46,000 during the year. Hanna Company did not record any gains or losses during the year. Required: Using the indirect method, determine the net cash provided by operating activities for the year. (List any deduction in cash and cash outflows as negative amounts.) Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,500 $ 20,400 (60,200) (25,200) 10,200 53,600 (11,800) 4,900 (8,100) 32,400 Apex Company Statement of Cash Flows-Indirect Method Operating activities : Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 15,000 (41,700) (120,500) (147,200) 89,500 39,200 (29,500) 99,200 (15,600) 28,500 12,900 $ Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.)