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joyner companys income statement for year 2 : Sales 9 0 0 , 0 0 0 COGS 5 0 0 , 0 0 0 Gross

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:
\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
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