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: Gain on sale of equipment Income before taxes Income taxes Net income $ 714, eee 146,000 568,000 150, 480 417,680 7,080 424,680 127,380 $ 297, 220 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 285,120 229, eee 319.990 9.989 842.120 638,eee 165.8ee 464,280 41.888 $1.347.320 $ 72,280 115. 288,888 18.990 493,280 sez, see 1 31,580 375,500 $868.700 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment 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 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 315,000 41,080 85,500 441,5ee 202,980 643,500 343.eee 362,820 703.820 $1,347,320 $253,280 51,080 81,780 85,780 198,00 493.zee 280,000 95,000 375,980 $868,789 Equipment that had cost $31,200 and on which there was accumulated depreciation of $11.100 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 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