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value: 10.00 points Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect
value: 10.00 points 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 $ 42,000 Adjustments to convert net income to cash basis $ 21,200 (61,100) (25,400) Depreciation Increase in accounts receivable Increase in inventory 10,900 53,600 (11,000) Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable 5,000 (6,800) 35,200 Net cash provided by operating activities Investing activities Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 14,800 (40,600) (120,600) (146,400) Net cash used for investing activities Financing activities Increase in bonds payable Increase in common stock Cash dividends 89,400 38,800 (28,400) Net cash provided by financing activities 99,800 Net decrease in caslh Beginning cash balance (11,400) 27,500 Ending cash balance $ 16,100 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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