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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 $ $41,200$

Adjustments to convert net income to cash basis:

Depreciation $ $21,500$

Increase in accounts receivable $(60,300)$

Increase in inventory $(25,100)$

Decrease in prepaid expenses $10,100$

Increase in accounts payable $54,300$

Decrease in accrued liabilities $(10,400)$

Increase in income taxes payable $4,400(5,500)$

Net cash provided by $($used in$)$ operating activities $35,700$

Investing activities:

Proceeds from the sale of equipment $14,400$

Loan to Thomas Company $(41,000)$

Additions to plant and equipment $(121,500)$

Net cash provided by $($used in$)$ investing activities $(148,100)$

Financing activities:

Increase in bonds payable $89,800$

Increase in common stock $39,600$

Cash dividends $(28,500)$

Net cash provided by $($used in$)$ financing activities $100,900$

Net decrease in cash and cash equivalents $(11,500)$

Beginning cash and cash equivalents $28,400$

Ending cash and cash equivalents $ $16,900$

Required:

Compute Apex Company$$s free cash flow for the current year. $($Negative amount should be indicated by a minus sign.Apex Company prepared the statement of cash flows for the current year that is shown below:

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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