Joyner Company's income statement for Year 2 follows: $ 704,000 166,000 538,000 152,000 386,000 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 6,000 392,000 117,600 $ 274,400 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' eauitv $ 245,300 226,000 320,000 8,000 799, 300 630,000 165,300 464,700 49,000 $1,313,000 $ 77,200 134,000 286,000 16,000 513,200 501,000 131,400 369,600 $ 882,800 $ 315,000 50,000 84,700 449,700 192,000 641,700 333,000 338,300 671,300 $261,000 57,000 81,800 399,800 110,000 509,800 276,000 97,000 373.000 Total liabilities and stockholders' equity $1,313,000 $882,800 Equipment that had cost $30,100 and on which there was accumulated depreciation of $11,000 was sold during Year 2 for $25,100. 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 FlowsIndirect Method (partial) 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 a 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 cash flow