Statement of Cash Flows-Indirect Method Operating activities: Net income $ 41,300 Adjustments to convert net income to cash basis: Depreciation $ 22,000 Increase in accounts receivable (60,500) Increase in inventory (26,000) Decrease in prepaid expenses 10,100 Increase in accounts payable 54,600 Decrease in accrued liabilities (11,100) Increase in income taxes payable 3,200 (7,700) Net cash provided by (used in) operating activities 33,600 Investing activities: Proceeds from the sale of equipment 15, 300 Loan to Thomas Company (40,600) Additions to plant and equipment (121,100) Net cash provided by (used in) investing activities (146,400) Financing activities: Increase in bonds payable 88,900 Increase in common stock 39,400 Cash dividends (29,400) Net cash provided by (used in) financing activities 98,900 Net decrease in cash and cash equivalents (13,900) Beginning cash and cash equivalents 27,900 Ending cash and cash equivalents $ 14,000 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow