Joyner Companys income statement for Year 2 follows: Sales $ 718,000 Cost of goods sold 94,000 Gross margin 624,000 Selling and administrative expenses 151,200 Net operating income 472,800 Nonoperating items: Gain on sale of equipment 8,000 Income before taxes 480,800 Income taxes 192,320 Net income $ 288,480 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets Cash $ 268,880 $ 77,500 Accounts receivable 224,000 129,000 Inventory 319,000 279,000 Prepaid expenses 8,500 17,000 Total current assets 820,380 502,500 Property, plant, and equipment 634,000 509,000 Less accumulated depreciation 165,500 130,400 Net property, plant, and equipment 468,500 378,600 Loan to Hymans Company 41,000 0 Total assets $ 1,329,880 $ 881,100 Liabilities and Stockholders' Equity Accounts payable $ 315,000 $ 255,000 Accrued liabilities 46,000 56,000 Income taxes payable 85,100 80,100 Total current liabilities 446,100 391,100 Bonds payable 197,000 104,000 Total liabilities 643,100 495,100 Common stock 331,000 288,000 Retained earnings 355,780 98,000 Total stockholders' equity 686,780 386,000 Total liabilities and stockholders' equity $1,329,880 $881,100 Equipment that had cost $31,700 and on which there was accumulated depreciation of $10,200 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. Required: Using the indirect method, compute the net cash provided by/used in operating activities for Year 2. Prepare a statement of cash flows for Year 2. Compute the free cash flow for Year 2