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  3. apex company prepared the statement of cash flows

Apex Company prepared the statement of cash flows for the current year that is shown...

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Accounting

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

Apex Company Statement of Cash FlowsIndirect Method Operating activities: Net income $ 41,700 Adjustments to convert net income to cash basis: Depreciation $ 21,900 Increase in accounts receivable (60,200 ) Increase in inventory (26,300 ) Decrease in prepaid expenses 10,900 Increase in accounts payable 53,200 Decrease in accrued liabilities (11,100 ) Increase in income taxes payable 4,600 (7,000 ) Net cash provided by (used in) operating activities 34,700 Investing activities: Proceeds from the sale of equipment 15,900 Loan to Thomas Company (40,800 ) Additions to plant and equipment (121,300 ) Net cash provided by (used in) investing activities (146,200 ) Financing activities: Increase in bonds payable 89,200 Increase in common stock 38,800 Cash dividends (29,400 ) Net cash provided by (used in) financing activities 98,600 Net decrease in cash and cash equivalents (12,900 ) Beginning cash and cash equivalents 27,400 Ending cash and cash equivalents $ 14,500

Required:

Compute Apex Companys free cash flow for the current year.

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