Apex Company prepared the statement of cash flows for the current year that is shown...
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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 Adjustments to convert net income to cash basis $ 41,700 $ 20,600 (61,500) (26,500) 9,200 53,500 (11,600) Depreciation Increase in accounts receivable Increase in inventory Decrease in Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable 4,900 (11,400) 30,300 Net cash provided by operating activities Investing activities Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 15,300 (41,000) (120,800) (146,500) Net cash used for investing activities Financing activities Increase in bonds payable Increase in common stock Cash dividends 88,800 39,100 (29,200) Net cash provided by financing activities 98,700 Net decrease in cash Beginning cash balance (17,500) 28,500 Ending cash balance $ 11,000 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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