Joyner Company's income statement for Year 2 follows: points 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 $ 795,000 119,000 586,880 217.ee 369,000 eBook 6.880 375,000 158,80 $ 225, eee Net income print Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 143.600 $ 72,180 278.pee 114,90 318,eee 289, eee 10.5ee 2 1, 750, 180 496,180 628, eee 507.000 165.9ee131, 880 462.180 375, 280 45,000 $1,257,200 $ 871,380 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 $ 312.ee 45.990 84,989 441,9ee 190,080 631,980 345, eee 280, 380 625, 3ee 257.2ee $262.989 51.ee 81,300 394, 380 106,00 500, 380 281,099 99.999 371.990 $871, 380 3 The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. Requlred: 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 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Print 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) Check m Complete this question by entering your answers in the tabs below. points 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.) eBook Joyner Company Statement of Cash Flows For Year 2 Print Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents 3 Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 441,980 394,380 190,000 186.000 631.9ee5e8, 380 345.980 281.989 280. 9 , 625, 380 371.000 $1,257,200 $ 871,380 points Equipment that had cost $30,100 and on which there was accumulated depreciation of $11.700 was sold during Year 2 for $24.400. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. eBook 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 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow