Update Question 3 - Chapter 15 Homew: X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%25... G Q Chapter 15 Homework Saved Help Save & Exit Submit 0 25 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 points Operating activities: Net income $ 41,100 Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory $ 21,800 (60,700) (25,000) eBook Decrease in prepaid expenses 9,500 Increase in accounts payable 53,200 Decrease in accrued liabilities (11,400) Increase in income taxes payable 4,400 Hint Net cash provided by (used in) operating activities (9,200) 31,900 Investing activities: Proceeds from the sale of equipment 15,300 Print Loan to Thomas Company Additions to plant and equipment (40,700) (121,500) Net cash provided by (used in) investing activities (146,500) Financing activities: References Increase in bonds payable 89,400 Increase in common stock 38,800 Cash dividends (28,300) Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 99,900 (15,100) 28,300 $ 13,200 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow Mc Graw Hill Type here to search 38F Check my work 5:50 PM 12/1/2022