Joyner Company's income statement for Year 2 follows: $ 705,000 222.000 483.989 150.ee 333, see 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 5.eee 338.888 101.488 $ 236, 680 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 225,580 226, see 319.990 9. 779, see 636,000 166, 30e 469,780 42.ee $1.291.280 $ 79, 280 112, see 281.000 18,888 498,280 513.ee 131,7ee 381. $ 871.580 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 314,98 41, eee 84,280 439,280 284, eee 643,280 348.980 309.999 648.800 291, 290 $ 262,888 54, see 88,580 396,500 183.ee 499, 580 2 74.980 98.989 372,888 $871,589 Equipment that had cost $30.300 and on which there was accumulated depreciation of $11.400 was sold during Year 2 for $23.900. 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