Joyner Company's income statement for Year 2 follows: nts 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 $ 701,000 211,000 490,000 150,500 339,500 10,000 349,500 139,800 $ 209,700 Net income Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 3 points Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Loss accumulated depreciation Net property, plant, and equipment Toan 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 $ 214,700 222,000 320,000 8,500 765,200 629.000 167,000 462,000 40,000 $1,267,200 $ 64,200 137,000 277,000 17,000 495, 200 513,000 132,000 381.000 0 $876,200 $311,000 49.000 85,200 444,200 209,000 653,200 348,000 266,000 614,000 $1,267,200 $ 258,000 58,000 81,200 397,200 114,000 511, 200 276,000 89,000 365,000 $876,200 Equipment that had cost $31,300 and on which there was accumulated depreciation of $11,200 was sold during Year 2 for $30,100. 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