Joyner Company's income statement for Year 2 follows: $ 717,000 347,000 370,000 217,000 153,000 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 10,000 163,000 65,200 $ 97,800 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 42,500 262,000 318,000 10,000 632,500 622,000 165,200 456,800 45,000 $1,134,300 $ 65,000 136,000 276,000 20,000 497,000 512,000 130,100 381,900 $878,900 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 $ 318,000 42,000 84,900 444,900 195,000 639,900 336,000 158,400 494,400 $1,134,300 $254,000 58,000 81,900 393,900 118,000 511,900 273,000 94,000 $878,900 Equipment that had cost $31,200 and on which there was accumulated depreciation of $11,700 was sold during Year 2 for $29,500. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. 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) 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 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.)..... Free cash flow