Increase in accounts receivable Decrease in prepaid expenses 0.75 3 points Skipped Exercise 15-3 (Algo) Calculating Free Cash Flow [LO15-3] Apex Company prepared the statement of cash flows for the current year that is shown below: Operating activities: Net income Apex Company Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: Depreciation Increase in inventory. $ 40,200 $ 20,900 (60,900) (25,300) 9,800 Increase in accounts payable 53,900 eBook Decrease in accrued liabilities (10,100) Increase in income taxes payable 3,300 Net cash provided by (used in) operating activities (8,400) 31,800 Investing activities: References Proceeds from the sale of equipment 15,700 Loan to Thomas Company (41,800) Additions to plant and equipment (121,700) Net cash provided by (used in) investing activities (147,800) Financing activities: Increase in bonds payable 88,200 Increase in common stock 38,700 Cash dividends (29,700) Net cash provided by (used in) financing activities 97,200 Net decrease in cash and cash equivalents (18,800) Beginning cash and cash equivalents 28,100 Ending cash and cash equivalents $9,300 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow Help