if you cant make out the numbers here is a closer look.

Joyner Company's income statement for Year 2 follows: $ 708,000 201,000 507,000 151,200 355,800 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net income 8, eee 363,800 145,520 $ 218,280 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 218,080 223,000 319,000 8,500 768,580 622,000 165,300 456,700 50,000 $1,275, 280 $ 81,400 127,000 278,000 17,000 503, 480 515,000 131,600 383,480 $886,800 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 313,000 49,000 85,500 447,500 201,000 648,500 350,000 276,780 626,780 $1,275,280 $ 267,000 51,000 81,800 399,800 108,000 507,800 289,000 90,000 379,000 $886,800 Equipment that had cost $31.400 and on which there was accumulated depreciation of $10700 was sold during Year 2 for $28.700. 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) Net income Adjustments to convert net income to a cash basis: Depreciation $ 218 280 0 218 280 $ Reavised 2 Prey 1 of 4 Next > 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 0 Financing activities 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents S 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 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow