Joyner Company's income statement for Year 2 follows: Sales $301,000 Cost of goods sold 309,000 Gross margin 392,000 Selling and administrative expenses 150,300 Net operating income 241,300 Nonoperating items: Gain on sale of equipment 8,000 Income before taxes 249,300 Income taxes 34,390 net income $134,510 l lts balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Assets Cash 5 136,310 Accounts receivable 229,000 Inventory 320,000 Prepaid expenses 9,500 Total current assets 695,210 Property, plant, and equipment 633,000 Less accumulated depreciation 165,300 Net property, plant, and equipment 431,300 Loan to Hymans Company 44,000 Total assets 51:213r510 Liabilities and Stockholders' Equity Accounts payable 5 318,000 Accrued liabilities 40,000 Income taxes payable 85,100 Total current liabilities 443,100 Bonds payable 191,000 Total liabilities 634,100 Year 1 5 53,600 128,000 283,000 19,000 483,600 512,000 130,900 381,100 0 $864,300 $259,000 50,000 80,300 389,300 111,000 500,300 Common stock 344} 000 273; 000 Retained earnings 232 , 410 91, 000 Total stockholders ' equity 576, 410 364 , 000 Total liabilities and stockholders' equity $1, 210, 510 $864 , 700 Equipment that had cost $31,000 and on which there was accumulated depreciation of $11,900 was sold during Year 2 for $27,100. 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 bylused 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