Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Com

 
   

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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 $ 40,300 Adjustments to convert net income to cash basis: Depreciation $ 21,700 Increase in accounts receivable (61,000 ) Increase in inventory (26,800 ) Decrease in prepaid expenses 9,600 Increase in accounts payable 53,100 Decrease in accrued liabilities (11,000 ) Increase in income taxes payable 3,900 (10,500 ) Net cash provided by (used in) operating activities 29,800 Investing activities: Proceeds from the sale of equipment 14,600 Loan to Thomas Company (40,500 ) Additions to plant and equipment (120,100 ) Net cash provided by (used in) investing activities (146,000 ) Financing activities: Increase in bonds payable 88,600 Increase in common stock 39,800 Cash dividends (28,500 ) Net cash provided by (used in) financing activities 99,900 Net decrease in cash and cash equivalents (16,300 ) Beginning cash and cash equivalents 28,800 Ending cash and cash equivalents $ 12,500
compute apex companys free cash flow for the current year