Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash FlowsIndirect Method Operating activities: Net income $ 40,300 Adjustments to convert net income to cash basis: Depreciation $ 20,600 Increase in accounts receivable (60,800) Increase in inventory (25,500) Decrease in prepaid expenses 10,700 Increase in accounts payable 53,100 Decrease in accrued liabilities (11,900) Increase in income taxes payable 4,000 (9,800) 30,500 Net cash provided by operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 14,600 (40,400) (121,100) (146,900) Net cash used for investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends 89,600 39,500 (29,500) Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable (60,800) (25,500) 10,700 53,100 (11,900) 4,000 (9,800) 30,500 Net cash provided by operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 14,600 (40,400) (121,100) (146,900) Net cash used for investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends 89,600 39,500 (29,500) Net cash provided by financing activities 99,600 Net decrease in cash Beginning cash balance (16,800) 28,300 Ending cash balance $ 11,500