Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold $ 900,000 500,000 Gross margin Selling and administrative expenses 400,000 328,000 Net operating income Gain on sale of equipment 72,000 8,000 Income before taxes Income taxes 80,000 24,000 Net income $ 56,000 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Assets N 2 Accounts receivable Inventory Prepaid expenses 2 50.000 50.000 310,000 7.000 170.000 260,000 14.000 150 Total current assets 671.000 465,000 Property, plant, and equipment Less accumulated depreciation 510.000 132,000 400.000 120.000 Net property, plant, and equipment 378,000 280,000 Loan to Hymans Company 40.000 0 MacBook Pro 30 Year 2 Year 1 $ Assets Cash Accounts receivable Inventory Prepaid expenses 4,000 250,000 310,000 7,000 $ 21,000 170,000 260,000 14,000 Total current assets 571,000 465,000 Property, plant, and equipment Less accumulated depreciation 510,000 132,000 400,000 120,000 Net property, plant, and equipment 378,000 280,000 Loan to Hymans Company 40,000 Total assets $ 989,000 $ 745,000 Liabilities and Stockholders' Equity Accounts payable Accrued abilities Income taxes payable $ 310,000 20.000 45,000 $250,000 30.000 42,000 Total current liabilities Bonds payable 375,000 190,000 322,000 70,000 Total liabilities 565,000 392,000 Common stock Retained earnings 300,000 124.000 270.000 83.000 Total stockholders' equity 424.000 353,000 Totalities and stockholders' equity $ 99.000 $745,000 MacBook Pro Equipment that had cost $40,000 and on which there was accumulated depreciation of $30,000 was sold during Year 2 for $18,000. 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 for operating activities for Year 2. (Negative amount should be indicated by a minus sign.) Y 2. Prepare a statement of cash flows for Year 2. Listany deduction in cash and cash outflows negative amounts.) Joyner Company Statement of Cash Flows For Year 2 MacBook Pro 30 888 Joyner Company Statement of Cash Flows For Year 2 Operating activities: Net income Adjustments to convert net income to cash basis: Investing activities Financing activities Beginning cash and cashualons Ending cash and cash equivale MacBook Pro 3. Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow