Joyner Company's income statement for Year 2 follows: $ 705,000 374,000 331,000 216,000 115,000 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 9,000 124,000 49,600 74.400 S Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ -3,000 269,000 319,000 10,500 595,500 629,000 165,500 463,500 49,000 $1,108,000 $ 69,900 120,000 279,000 21,000 489,900 520,000 131,500 388,500 0 $878,400 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 Total liabilities and stockholders' equity $ 317,000 44,000 85,300 446,300 192,000 638, 300 333,000 136,700 469, 700 $1,108,000 $257,000 52,000 81,400 390,400 116,000 506,400 275,000 97,000 372,000 $878,400 Equipment that had cost $30,700 and on which there was accumulated depreciation of $10,800 was sold during Year 2 for $28,900. 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.) Weaver Company Statement of Cash Flows-Indirect Method (partial) Required 1 Required 2 > 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 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 Required 2 Required 3 )