4 Joyner Company's income statement for Year 2 follows: Income before taxes Income taxes 10 points sales Cost of goods sold Gros margin Selling and administrative expenses Net operating income Nonoperating items! Gain on sale of equipment Incone before taxes Income taxes Net Income $ 900,000 500,000 400,000 320,000 72.000 eBook 8,000 10,000 24.000 $ 55,000 Print Its balance sheet amounts at the end of Years 1 and 2 are as follows: References Year 2 Year 1 Assets Canh $4,000 $ 21,000 Accounts receivable 250,000 170,000 Inventory 310,000 250,000 Prepaid expenses 27.000 14,000 Total current assets 371.000 455,000 Property, plant, and equipment 510,000 400,000 Less acumulated depreciation 132 000 120,000 Net property, plant, and equipment 370.000 200,000 Loan to Wynns Company 40,000 Total ansata $909,000 $ 145,000 Liabilities and stockholders' quity Nccounts payable 310,000 5 250.000 Acered liabilities 20.000 30.000 Income taxes payable 45.000 42.000 Total current liabilities 375,000 322.000 Bonds payable 190.000 70.000 Total liabilities 565.000 392,000 common stock 300,000 270.000 Metained earnings 120.000 0.000 Total stockholdere equity 2.000 35000 Total lobilities and stockholde equity $90,000 745,000 Equipment that had cost $40,000 and on which there was accumulated depreciation of $30,000 was sold during Your 2 for $18,000 The company declared and paid a cash dividend during Year 2. It did not redire any bonds or repurchase any of its own stock Required: 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: Required 2 Required)