Exercise $13-6($Algo$)$ Calculating Free Cash Flow $[$LO$13-6]$Apex Company prepared the statement of cash flows shown below:Apex CompanyStatement of Cash FlowsIndirect MethodOperating activities:$$Net income$$$ $40,900$Adjustments to convert net income to cash basis:$$Depreciation$ $20,800$Increase in accounts receivable$(61,700)$Increase in inventory$(25,700)$Decrease in prepaid expenses$10,000$Increase in accounts payable$53,700$Decrease in accrued liabilities$(10,100)$Increase in income taxes payable$3,700(9,300)$Net cash provided by $($used in$)$ operating activities$31,600$Investing activities:$$Proceeds from the sale of equipment$15,200$Loan to Thomas Company$(41,100)$Additions to plant and equipment$(121,200)$Net cash provided by $($used in$)$ investing activities$(147,100)$Financing activities:$$Increase in bonds payable$89,500$Increase in common stock$39,800$Cash dividends$(28,100)$Net cash provided by $($used in$)$ financing activities$101,200$Net decrease in cash and cash equivalents$(14,300)$Beginning cash and cash equivalents$28,900$Ending cash and cash equivalents$$$ $14,600$Required:Compute Apex Companys free cash flow.Note: Negative amount should be indicated by a minus sign.FREE CASH FLOW$=$