joyner companys income statement for year $2$:

Sales $900,000$

COGS $500,000$

Gross margin $400,000$

Selling and admin expenses $328,000$

Net operating income $72,000$

Nonoperating items:

Gain on sale of equipment $8,000$

Income before taxes $80,000$

Income taxes $24,000$

Net income $56,000$

balance sheet amounts at the end of Years $1$ and $2$ are as follows:

$\backslash$table$[[,$Year $2,$Year $1],[$Assets$],[$Cashand cash equivalents,$$4,000,$$$21,000$

Required:

$1)$ compute the net cash provided by $($used in$)$ operating using the indirect method

$2)$ prepare a statement of cash flows

$3)$ compute the free Cash flow