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: $ 716,000 252,000 464,000 217,000 247,000 Gain on sale of equipment Income before taxes Income taxes Net income 10,000 257,000 102,880 154,280 Its balance sheet amounts at the end of Years 1 and 2 are as follows Year 2 Year 1 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment S 106, 600 95,000 129,000 276,000 21,880 521,000 504,000 00 130,900 373,100 274,000 318,000 10,508030 709,100 626,000 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 459,100 46,000 $1,214,200 894,180 S 318,000 265,080 57,000 80,100 402,100 48,000 85,700 451,700 42o 210,800112,030 661,700 514 109 287,000 213,50093,0 552,500 380,989 $1,214,200 894,100 339,000 stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Equipment that had cost $31,400 and on which there was accumulated depreciation of $10,500 was sold during Year 2 for $30,900. 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 Equipment that had cost $31,400 and on which there was accumulated depreciation of $10,500 was sold during Year 2 for $30,900. 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 any Statement of Cash Flows-Indirect Method (partial) Required 2>