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Accounting Homework Help

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 40,900 Adjustments to convert net income to cash basis: Depreciation 20,400 Increase in accounts receivable (61,300) Increase in inventory (25,900) Decrease in prepaid expenses 10,600 Increase in accounts payable 53,900 Decrease in accrued liabilities Increase in income taxes payable 4,400 (8,300) Net cash provided by operating activities Investing activities: 32,600 Proceeds from the sale of equipment 14,500 to Thomas Company Additions to plant and equipment (120,800) Net cash used for investing activities Financing activities: Increase in payable (147,400) Increase in common stock 88,400 Cash dividends (29,700) Net cash provided by financing activities 97.300 Net decrease in cash Beginning cash balance (17,500) 27.500 Ending cash balance 10,000 Compute Apex company's free cash flow for the current year. (Negative amount should be indicated by minus sign.