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 $701,000 193,000 588,000 150,900 357,100 6,000 363, 100 145, 240 $ 217,860 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 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 183,760 230,000 319,000 10,000 742,760 627,000 166,600 460,400 48,000 $1,251,160 $ 21,500 140,000 286,000 20,000 467,500 520,000 130,700 389, 300 $856,800 315,000 45,000 84,900 444,900 191,000 635,900 335,000 280, 260 615,260 $1,251,160 $254,000 53,000 80.800 387.800 100,000 487,800 272,000 97,000 369,000 $856,800 Equipment that had cost $30,700 and on which there was accumulated depreciation of $11,100 was sold during Year 2 for $25,600. 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