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 $ 706,000 380,000 326,000 151,700 174,300 9,000 183,300 54,990 $ 128,310 Its balance sheet amounts at the end of Years 1 and 2 are as follows: sa Its balance sheet amounts at the end of Years 1 and 2 are as follows: Assets Cash 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 Year 2 $ 115,010 226,000 319,000 Year 1 $ 72,000 137,000 272,000 $1,187,610 10,500 21,000 670,510 502,000 637,000 501,000 166,900 131,900 470,100 369,100 47,000 $871,100 $262,000 51,000 84,900 50,100 443,900 393,100 210,000 112,000 653,900 505,100 347,000 273,000 186,710 93,000 533,710 366,000 $1,187,610 $871,100 $ 312,000 47,000 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. Complete this question by entering your answers in the tabs below. OK T Required 1 Required 2 Required 3 ences 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.) Joyner Company Statement of Cash Flows-Indirect Method (partial) check my work 8 NO Prepare a statement of cash flows for Year 2. (Ust any deduction in cash and cash outflows as negative amounts.) Operating activities Investing activities: Joyner Company Statement of Cash Flows For Year 2 inces Financing activities Beginning cash and cash equivalents Ending cash and cash equivalents $ 0 0 Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3. Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow