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Joyner Company's income statement for Year 2 follows: Its balance sheet amounts at the end of Years 1 and 2 are as follows: Equipment costing

image text in transcribed Joyner Company's income statement for Year 2 follows: Its balance sheet amounts at the end of Years 1 and 2 are as follows: Equipment costing $37,000 with accumulated depreciation of $26,000 was sold during Year 2 for $20,000. The company paid a cash dividend during Year 2 but did not retire any bonds or repurchase any of its own stock. Determine the net cash provided by (used in) operating activities using the indirect method for Year 2. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. Compute the free cash flow for Year 2. Note: Negative amount should be indicated by a minus sign

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