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  1. business
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  3. operating activities: net income $ 40,800adjustmen

Operating activities: Net income $ 40,800Adjustments to convert net income to cash basis: Depreciation$ 20,000...

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Accounting

Operating activities: Net income $ 40,800Adjustments to convert net income to cash basis: Depreciation$ 20,000 Increase in accounts receivable(60,600) Increase in inventory(26,600) Decrease in prepaid expenses9,000 Increase in accounts payable54,000 Decrease in accrued liabilities(11,900) Increase in income taxes payable4,500(11,600)Net cash provided by (used in) operating activities 29,200Investing activities: Proceeds from the sale of equipment14,500 Loan to Thomas Company(41,700) Additions to plant and equipment(121,700) Net cash provided by (used in) investing activities (148,900)Financing activities: Increase in bonds payable89,300 Increase in common stock38,000 Cash dividends(29,300) Net cash provided by (used in) financing activities 98,000Net decrease in cash and cash equivalents (21,700)Beginning cash and cash equivalents 28,500Ending cash and cash equivalents $ 6,800

Compute Apex Companys free cash flow for the current year. (Negative amount should be indicated by a minus sign.)

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