Joyner Company's income statement for Year 2 follows: $ 708,000 215,000 493,000 151,600 341,400 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 7, 348,400 104,520 $ 243,880 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 Income taxes payable Total current liabilities $ 245,380 228,080 319,000 8,000 800,389 626,000 165, 100 460,900 43,000 $1,384, 280 $ 54,800 121,000 288,000 16,000 479,800 513,000 130,700 382, 300 $862, 100 $ 319,000 41,000 85,200 445,200 $ 251 , 51,000 81,100 383,100 8.000 800, 380 626,000 165, 100 460,900 43,000 $1,304,280 16,000 479,800 513,000 130,700 382,300 $ 862,100 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 Coomon stock Retained earnings Total stockholders' equity Total Habilities and stockholders' equity $319,000 41,000 85,200 445,280 209,000 654,200 344,000 306,080 650,00 $1,308,280 $ 251,000 51,000 81,100 383,100 101,000 484,100 281,000 97,000 378,000 $862,100 Equipment that had cost $30,800 and on which there was accumulated depreciation of $10,100 was sold during Year 2 for $27.700. 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 Round 2 Required