Joyner Company's income statement for Year 2 follows: $ 707,000 83,000 624,000 216,000 408,000 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 8,000 416,000 166,400 $ 249,600 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 Tahititor and canolhaltane! 219,300 $ 58,500 255,000 143,000 319,000 284,000 9,000 18,000 802,300 503,500 621,00 515,000 166,700 130,700 454,200 384 300 45,000 $1,301, 600 5887,803 LORE 45.000 $1,301,600 $ 887,809 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 $ 264,000 54.ee 88,888 398.800 $ 316,000 48,089 85,100 449,160 194.000 643,100 345.000 313,500 658,509 $1,301.600 510, 800 281,000 377.000 $ 887, see Equipment that had cost $30,400 and on which there was accumulated depreciation of $11,000 was sold during Year 2 for $27.400 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. Ramidreda Ranilrada