Joyner Company's income statement for Year 2 follows: Using the indirect method, compute the net cash provided by/used in operating activities for Year 2. (List any deduction in cash outflows as negative amounts.) $ 719,888 354,eee 356,eee 216,eee 149,660 Joyner Company Statement of Cash Flows-Indirect Method (partial) 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 146,eee 58,480 $ 87,600 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 29,600 259,eee 329,cee 19,580 610, 180 627,600 166,730 460,300 58,eee $1,120,480 $ 37,699 140,eee 281,000 21,ece 479, ee 517,600 138,700 386,380 Required 1 Required 2 > Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outfiows as ne $ 865,989 Assets Cash and cash equivalents 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 Comon stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 311,eee 44,689 Joyner Company Statement of Cash Flows For Year 2 Operating activities: 439,220 191,600 633,200 343,000 147,209 499,288 $1,129,480 $ 253,600 53,000 81, see 387,900 101, eee 488,90 286,eee 91,eee 377,0cc $ 865, see Investing activities: Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Equipment that had cost $31,600 and on which there was accumulated depreciation of $11,100 was sold during Year 2 for $26,500. The company declared and palda cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. Free cash flow Financing activities: