Joyner Company's income statement for Year 2 follows: $ 711,000 330,000 381,000 150,800 230,200 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 9,000 239,200 71,760 $ 167,440 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 160, 140 227,000 319,000 9,000 715, 140 633,000 166,600 466,400 44,000 $ 1,225, 540 $ 86,100 122,000 278,000 18,000 504,100 503,000 131,800 371,200 0 $ 875,300 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 $ 311,000 48,000 85, 100 444,100 208,000 652,100 343,000 230, 440 573,440 $ 1,225,540 $ 257,000 59,000 81,300 397,300 106,000 503,300 276,000 96,000 372,000 $ 875,300 Equipment that had cost $30,900 and on which there was accumulated depreciation of $11,200 was sold during Year 2 for $28,700. 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 Required 2 Required 3 Using the indirect method, compute the net cash provided by/used in operating activities for Year 2. (List any de cash outflows as negative amounts.) Joyner Company Statement of Cash Flows-Indirect Method (partial) 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.) Joyner Company Statement of Cash Flows For Year 2 Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow