Joyner Companys income statement for Year 2 follows:

Sales	$	704,000
Cost of goods sold		225,000
Gross margin		479,000
Selling and administrative expenses		218,000
Net operating income		261,000
Nonoperating items:
Gain on sale of equipment		8,000
Income before taxes		269,000
Income taxes		80,700
Net income	$	188,300

Its balance sheet amounts at the end of Years 1 and 2 are as follows:

	Year 2			Year 1
Assets
Cash	$	117,700		$	91,600
Accounts receivable		272,000			126,000
Inventory		319,000			277,000
Prepaid expenses		9,000			18,000
Total current assets		717,700			512,600
Property, plant, and equipment		639,000			501,000
Less accumulated depreciation		166,000			131,600
Net property, plant, and equipment		473,000			369,400
Loan to Hymans Company		49,000			0
Total assets	$	1,239,700		$	882,000
Liabilities and Stockholders' Equity
Accounts payable	$	319,000		$	256,000
Accrued liabilities		41,000			56,000
Income taxes payable		85,400			80,000
Total current liabilities		445,400			392,000
Bonds payable		209,000			107,000
Total liabilities		654,400			499,000
Common stock		337,000			289,000
Retained earnings		248,300			94,000
Total stockholders' equity		585,300			383,000
Total liabilities and stockholders' equity	$	1,239,700		$	882,000

Equipment that had cost $31,600 and on which there was accumulated depreciation of $10,300 was sold during Year 2 for $29,300. 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.

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.) Weaver Company Statement of Cash Flows-Indirect Method (partial) Required1 Required 2 > Required 1Required 2Required 3 Prepare a statement of cash flows for Year 2. (Luist 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 2Required 3 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow KRequired 2 Required 3