Joyner Company's income statement for Year 2 follows: $701,000 281,000 420,000 151,900 268, 100 Sales Cost of goods bold Gross margin Selling and administrative expensen Not operating income Nonoperating Items Gain on sale of equipment Income before taxes Income taxes Net income 10,000 278,100 93.430 3194,670 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 149,420 250.000 319,000 11,000 729,470 624.000 166,400 457, 600 48,000 1,235,070 65,300 114,000 284,000 22,000 485, 300 511,000 130, 700 380, 300 0 906, 600 Assets Cash Accounts receivable Inventory Prepaid expenses Total current wont Property, plant, and equipment Las accumulated depreciation Net property, plant, and equipment Loan to Hyman Company Total at Liabilities and stockholders' Equity Accounts payable Noctuod abilities Income taxes payable Total current liabilities Ronds payable Total stabilitina Common stock Metalnedsetning Total stockholders' equity Totul intities and stockholders' equity 312,000 44.000 84.000 140,000 199,000 630,000 345,000 252,020 592070 31.235,970 0260,000 52,000 90,600 392,600 103,000 493,600 270,000 92.000 370,000 5865,600 Equipment that had cost $31.800 and on which there was accumulated depreciation of $12,000 was sold during Year 2 for $29,800 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) Regule Required 2 > 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.) I 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 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 cosh flow