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: $ 719,00e 276,606 443,900 217,90e 226,00e Gain on sale of equipment Income before taxes Income taxes Net income 6,900 232,68e 92,800 139,290 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 $ 60,900 65,200 271,99e 319,000 123,900 282,980 8,500 659,480 638,00e 165, 28e 472,808 17,000 487,200 513,600 131,680 381,48 Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets 47,900 $1,179,200 868,600 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 $258,eee 58,000 81,680 397,600 101,600 498,600 279,008 91,900 37e, eee 868,600 S 32e,eae 46,800 84,50e 450,500 26e,80e 65e, 50e 332, 800 196,700 248, /ee $1,179,200 Equipment that had cost $31,800 and on which there was accumulated depreciation of $11,000 was sold during Year 2 for $26,800 The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock Required: Using the indirect method, compute the net ca$h 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