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For the year just completed, Hanna Company had net income of $72,000. Balances in the company's current asset and current liability accounts at the beginning

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For the year just completed, Hanna Company had net income of $72,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: The Accumulated Depreciation account had total credits of $42,000 during the year. Hanna Company did not record any gains or losses during the year. Required: Using the indirect method, determine the net cash provided by operating activities for the year. (List any deduction in cash outflows as negative amounts.) Requirea: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Awhict 10.00 noints Joyner Company to noome stakerent for yow 2 follows: His talance theet amounts at the end of Years 1 and 2 are as follows: Equpment that had cost $31,300 and on which there was accumulated depreciation of $12,000 was sold during Year 2 for $28,300. The company declared and paid a cash dividend during Year 2. It did not rebire any bonds or repurchase any of its own stock: Required: 1. Using the indirect method, compute the net cash provided bylused 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. Using the indirect method, compute the net cash provided by/used in operating activities for Year 2. (List-any deduction in eash outfows as negative amounts.) Pequined: 2. Thetwer a atatertere it calih Bows tor Vew 2 Cempiete this quebtion by emterits ytur astamers is the tata belew.. Joyner Combasty w incorte statement for. Year 2 foliows: Its balance shent amounts at the end of Years 1 and 2 are as follews: Equipment that had cost $31,300 and on which there was accumulated depreciation of $12,000 was sold during Year 2 for $28,300. The company declared and paid a cash dividend during Year 2 . It did not retire any bonds of repurchase any of its own stock. Required: 1. Using the indirect method, compute the net cash provided bylused 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. Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.)

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