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 $ 41,400
Adjustments to convert net income to cash basis:
Depreciation $ 21,000
Increase in accounts receivable (60,300)
Increase in inventory (25,700)
Decrease in prepaid expenses 10,900
Increase in accounts payable 53,900
Decrease in accrued liabilities (10,200)
Increase in income taxes payable 4,500 (5,900)
Net cash provided by (used in) operating activities 35,500
Investing activities:
Proceeds from the sale of equipment 15,400
Loan to Thomas Company (41,200)
Additions to plant and equipment (120,200)
Net cash provided by (used in) investing activities (146,000)
Financing activities:
Increase in bonds payable 89,300
Increase in common stock 38,200
Cash dividends (29,300)
Net cash provided by (used in) financing activities 98,200
Net decrease in cash and cash equivalents (12,300)
Beginning cash and cash equivalents 27,700
Ending cash and cash equivalents $ 15,400

Required:
Compute Apex Company’s free cash flow for the current year. (Negative amount should be indicated by a minus sign.)