Joyner Company's income statement for Year 2 follows: $ 706,000 209,000 497,000 216,000 281,000 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 10,000 291,000 87,300 $ 203,700 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 152,800 271,000 318,000 9,000 750,800 629,000 165,400 463,600 46,000 $1,260,400 $ 95,600 113,000 278,000 18,000 504,600 504,000 131,700 372,300 $ 876,900 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 $ 319,000 50,000 85,600 454,600 202,000 656,600 342,000 261,800 603,800 $1,260,400 $ 254,000 50,000 80,900 384,900 117,000 501,900 282,000 93,000 375,000 $ 876,900 Equipment that had cost $31,400 and on which there was accumulated depreciation of $11,100 was sold during Year 2 for $30,300. 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 3 Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows 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 shou Free cash flow