Joyner Company's income statement for Year 2 follows: $ 706,000 278,000 428,000 217,000 211,000 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 6,000 217,000 86,800 $ 130,200 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 $ 80,200 257,000 320,000 9,500 666,700 639,000 165,000 474,000 41,000 $1,181,700 $ 102,900 133,000 270,000 19,000 524,900 505,000 130,600 374,400 $899, 300 $ 311,000 50,000 $269,000 53,000 Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 50,000 85,000 446,000 202,000 648,000 349,000 184,700 533,700 $1,181,700 53,000 81,300 403,300 118,000 521,300 289,000 89,000 378,000 $899, 300 Equipment that had cost $31,300 and on which there was accumulated depreciation of $11,500 was sold during Year 2 for $25,800. 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. Joyner Company Statement of Cash Flows For Year 2 Operating activities: Net cash provided by operating activities Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.). Free cash flow