LA PIOWLO13-1, LO13-2, LO13-3] 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 $ 714,000 379,00 335.000 216,00 119.000 6. 125,000 50,000 75,000 $ Its balance sheet amounts at the end of Years 1 and 2 are as follows: Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment 11.600 271.000 320.000 11.000 613, 50 633,000 $ 67,000 145.000 281,000 22,00 513,000 564,000 codednu are as follows: Year 2 $ 11, 271,00 320, 67.000 143.00 281.00 513. 613,60 633,00 165,200 131,20 172. $1,122,00 $ 55,800 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 abilities Income taxes payable Total current liabilities Bonds payable Total liabilities Con stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 314.000 41,000 55.400 440. 199,000 $265.000 58.000 81,50 110.000 139,000 $1.122.400 Equipment that had cost $31.400 and on which there was accumulated depreciation of $11.200 was sold during Year 2 for $26,200. The company declared and paid a cash dividend during Year 2 it did not retire any bonds or repurchase any of its own stock that had cost $31.400 and on which there was accumulated depreciation of SIL200 was so dung Year 2 for $26.200 The company declared and paid a cash dividend during Year 2 did not retire any bondsrepurchases of Required: 1 Using the indirect methodcompute the net cash provided by used in operating activities for Year 2 2. Prepare a statement of cash flows for Year 3. Comoute the free cash flow for Year2