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 $ 786,e8 385,8e8 481,888 218,888 183,888 Gain on sale of equipment Income before taxes Income taxes Net income 7,8e8 198,888 57,808 133,0e8 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 278,888 319,8e0 1e,588 691,388 628,88e 165,3e8 462,788 42,888 $ 83,808 39,18e 134,800 284,808 21,8e8 478,188 519,888 152-08 131,700 387,38e 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 $1,196,e0 $865,4e8 $ 311,808 $257,98e 54,8e8 81,488 392,488 182,888 494,488 272,808 99,888 371,80e $1,196,808 $865,488 58,8e8 85,906 446,988e 282,888 648,988 346,88e 201,188 547,188 Equlpment that had cost $31,000 and on which there was accumulated depreclation of $11,000 was sold during Year 2 for $27,000. The company declared and pald a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. Requlred 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