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If you could show work I would appreciate it! Joyner Company's income statement for Year 2 follows: $ 707,000 148,000 559,000 216,000 343,000 Sales Cost

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Joyner Company's income statement for Year 2 follows: $ 707,000 148,000 559,000 216,000 343,000 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 8,000 351,000 140,400 $ 210,600 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets Cash 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 $ 170,000 250,000 319,000 10,000 749,000 630,000 165,800 464,200 47,000 $1,260,200 $ 83,800 112,000 278,000 20,000 493,800 514,000 131,100 382,900 $876,700 $ 315,000 50,000 86,000 451,000 207,000 658,000 336,000 266,200 602,200 $252,000 56,000 81,700 389,700 111,000 500,700 287,000 89,000 376,000 Equipment that had cost $30,300 and on which there was accumulated depreciation of $10,800 was sold during Year 2 for $27,500 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.) 210 600 Joyner Company Statement of Cash Flows-Indirect Method (partial) Net income Adjustments to convert net income to a cash basis: Depreciation Gain on sale of equipment Increase in accounts receivable (138 000) Increase in inventory Decrease in prepaid expenses (138,000) $ 72,600 Net cash provided by operating activities 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 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 336.000 266,200 602,200 $1,260,200 287.000 89,000 376,000 $876,700 Equipment that had cost $30,300 and on which there was accumulated depreciation of $10,800 was sold during Year 2 for $27,50 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 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow

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