Exercise $15-3($Algo$)$ Calculating Free Cash Flow $[$LO$15-3]$

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 $ $40,100$

Adjustments to convert net income to cash basis:

Depreciation $ $20,200$

Increase in accounts receivable $(61,100)$

Increase in inventory $(26,100)$

Decrease in prepaid expenses $10,400$

Increase in accounts payable $53,600$

Decrease in accrued liabilities $(10,700)$

Increase in income taxes payable $4,500(9,200)$

Net cash provided by $($used in$)$ operating activities $30,900$

Investing activities:

Proceeds from the sale of equipment $15,800$

Loan to Thomas Company $(41,500)$

Additions to plant and equipment $(120,200)$

Net cash provided by $($used in$)$ investing activities $(145,900)$

Financing activities:

Increase in bonds payable $88,700$

Increase in common stock $38,700$

Cash dividends $(28,900)$

Net cash provided by $($used in$)$ financing activities $98,500$

Net decrease in cash and cash equivalents $(16,500)$

Beginning cash and cash equivalents $27,300$

Ending cash and cash equivalents $ $10,800$

Required:

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