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: 715,006 318,000 397,000 217,000 180,000 Gain on sale of equipment Income before taxes Income taxes Net income 10,000 190,000 57,000 133,000 Its balance sheet amounts at the end of Years 1 and 2 are as follows: 2 Year 1 Assets s 114,70 79,880 254,000 148,800 ,008 281,008 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment 9,000 695,700 625,003 165 09 526,800 511,000 Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets Liabilities and Stockho1ders' 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 131,70 459,300 42,000 $1,197,080 $906,180 s318,000 270,000 49,080 51,000 84,980 451,980 402,100 120,000 522,100 288,080 194,189 96,980 542,10384,800 $1,197,000 $906,100 203,000 654,988 348,080 Equipment that had cost $30,400 and on which there was accumulated depreciation of $11,300 was sold during Year 2 for $29100 The company declared and paid a cash dividend during Year 2 t 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 Year2 1. Using the indirect method, compute the net cash provided by/used in operating activities for Yea 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 1 Required 2 Required 3 Using the indirect method, compute the net cash provided by/used in operating activities for Year 2. (Li cash outflows as negative amounts.) Weaver Company Statement of Cash Flows-Indirect Method (partial) Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as neg 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 Required3> Complete this question by entering your answers in th Required Required 2 | Required 3 Compute the free cash flow for Year 2. (Negative amount shou ree cash flow Required 2