3 points Skloped Joyner Company's Income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating nonoperating Stens: Gain on sale of equipment Incon before taxes Income taxes $710,000 210,000 500,000 151,400 348,500 8,000 358,800 142,840 Book Net in $213,900 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Print Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Loan to Mymans Company Total assets Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Connon stock Total liabilities Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 2 Year 1 $ 192,880 223,000 $ 70,000 133,000 282,000 319,000 9,100 19,000 744,180 304,000 533,000 307,000 108,700 130,000 458,300 377,000 48,000 $ 1,255,450 $ 881,000 $315,000 $ 22,000 41,000 84,300 38,000 20,000 440,300 400,000 195,000 102,000 635,300 502,000 344,000 284,000 277,180 95,000 821,150 379,000 $1,250,480 $ 881,000 Equipment that had cost $31,200 and on which there was accumulated depreciation of $10,300 was sold during Year 2 for $28,900. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. Required: 1. Using the Indirect method, compute the net cash provided by/used in operating activities for Year 2 2. Prepare a statement of cash flows for Year 2 3. Compute the free cash flow for Year 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the Indirect method, compute the net cash provided by/used in operating activities for Year 2. (List any deduction in cash outflows as negative amounts.) Joyner Company Statement of Cash Flows-Indirect Method (partial) 0 Required: 1. Using the Indirect method, compute the net cash provided by/used in operating activities for Year 2 2. Prepare a statement of cash flows for Year 2 3. Compute the free cash flow for Year 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.) Joyner Company Statement of Cash Flows For Year 2 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents 5 Required: 1. Using the Indirect method, compute the net cash provided by/used in operating activities for Year 2 Prepare a statement of cash flows for Year 2 2. 3. Compute the free cash flow for Year 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requilled 3 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow