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 $ 702,000 228,000 474,000 218,000 256,000 6,000 262,000 78,600 $ 183,400 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 Connon stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Year 2 $ 127,300 270,000 Year 1 $ 46,300 148,000 274,000 318,000 9,000 18,000 724,300 486,300 628,000 508,000 165,400 131,300 462,600 376,700 40,000 $1,226,900 $863,000 $ 314,000 $251,000 44,000 59,000 84,100 81,000 442,100 391,000 198,000 101,000 640,100 492,000 342,000 279,000 244,800 92,000 586,800 371,000 $1,226,900 $863,000 Equipment that had cost $31,200 and on which there was accumulated depreciation of $11,300 was sold during Year 2 for $25,900. 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