Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $708,000 284,000 424,000 217,000 207,000 Gain on sale of equipment Income before taxes Income taxes Net income 6,000 213,000 85,200 $127,800 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets $47,900 90,000 117,000 276,000 17,000 500,000 501,000 130,900 370,100 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment 278,000 319,000 8,500 653,400 639,000 165,500 473,500 45,000 Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets $1,171,900 $870,100 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 $ 318,000 $260,000 51,000 80,100 391,100 .. ,000 103,000 494,100 285,000 91,000 376,000 $1,171,900 $870,100 44,000 84,100 446,100 643,100 343,000 185,8009r000 528,800 Equipment that had cost $30,100 and on which there was accumulated depreciation of $10,400 was sold during Year 2 for $25,700. 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. Complete this question by entering your answers in the tabs below Required 1Required 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) Prepare a statement of cash flows for Year 2. (List 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