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Apex Company Statement of Cash FlowsIndirect Method Operating activities: ...

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Accounting

Apex Company Statement of Cash FlowsIndirect Method
Operating activities:
Net income $ 40,700
Adjustments to convert net income to cash basis:
Depreciation $ 21,400
Increase in accounts receivable (60,600)
Increase in inventory (26,600)
Decrease in prepaid expenses 10,600
Increase in accounts payable 53,000
Decrease in accrued liabilities (11,500)
Increase in income taxes payable 4,200 (9,500)
Net cash provided by (used in) operating activities 31,200
Investing activities:
Proceeds from the sale of equipment 15,800
Loan to Thomas Company (40,000)
Additions to plant and equipment (121,000)
Net cash provided by (used in) investing activities (145,200)
Financing activities:
Increase in bonds payable 88,400
Increase in common stock 39,300
Cash dividends (29,500)
Net cash provided by (used in) financing activities 98,200
Net decrease in cash and cash equivalents (15,800)
Beginning cash and cash equivalents 28,500
Ending cash and cash equivalents $ 12,700

Required:

Compute Apex Companys free cash flow for the current year. (Negative amount should be indicated by a minus sign.)

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