Joyner Company's income statement for Year 2 follows: $ 713,000 64,000 649,000 151,700 497,300 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 5,000 502,300 200,920 $ 301,380 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 281,180 224,000 319,000 11,000 835,180 635,000 165,100 469,900 43,000 $1,348,080 $ 94,900 119,000 281,000 22,000 516,900 502,000 130,800 371,200 0 $ 888,100 Assets Cash and cash equivalents 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 $ 310,000 50,000 84,300 444,300 210,000 654,300 332,000 361,780 693,780 $1,348,080 $ 266,000 59,000 81,100 406,100 115,000 521,100 274,000 93,000 367.000 $ 888,100 Equipment that had cost $31,800 and on which there was accumulated depreciation of $11,900 was sold during Year 2 for $24,900. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. Equipment that had cost $31,800 and on which there was accumulated depreciation of $11,900 was sold during Year 2 for $24.900. The company declared and pald 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.) Joyner Company Statement of Cash Flows-Indirect Method (partial) Required 1 Required 2 > 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: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Required 1 Required 3 > 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