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need help asap! Exercise 13-3 (Algo) Calculating Free Cash Flow [LO13-3] Apex Company prepared the statement of cash flows for the current year that is

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Exercise 13-3 (Algo) Calculating Free Cash Flow [LO13-3] Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 40, 100 Adjustments to convert net income to cash basis: Depreciation $ 21, 300 Increase in accounts receivable (60, 200) Increase in inventory (26, 090) Decrease in prepaid expenses 10,900 Increase in accounts payable 54, 200 Decrease in accrued liabilities (11, 906) Increase in income taxes payable 4, 600 (7, 108) Net cash provided by (used in) operating activities 33, 090 Investing activities: Proceeds from the sale of equipment 15, 690 Loan to Thomas Company (40, 300) Additions to plant and equipment (120, 800) Net cash provided by (used in) investing activities (145 , 500) Financing activities: Increase in bonds payable 89 , 200 Increase in common stock 39 , 800 Cash dividends (28, 400) Net cash provided by (used in) financing activities 100, 600 Net decrease in cash and cash equivalents (11, 900) Beginning cash and cash equivalents 28 , 600 Ending cash and cash equivalents $ 16, 700 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be Indicated by a minus sign.) Free cash flow

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