pel PIL-SUN Problems i Seved Joyner Company's income statement for Year 2 follows: points 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 $ 713.000 301.000 412.000 218,000 194,000 eBook 7.000 201,000 80,400 $ 120.600 Print Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 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 asseta Liabilities and stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total Current liabilities Bonda payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 62,000 273,000 319,000 11,000 665,000 632,000 166,000 466,000 45,000 $1,176,000 $ 57,800 146,000 283,000 22,000 508,800 517.000 130, 700 386,300 $895, 100 $ 317,000 45,000 84,300 446,300 203.000 649,300 344,000 192,700 526,700 $1. 176.000 $262.000 54,000 80,100 396,100 117,000 513, 100 286,000 96.000 382.000 $895, 100 $1,176,000 $895,100 Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Tncome taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 317,000 45,000 84,300 446,300 203,000 649,300 344,000 182,700 526,700 $1,176,000 $262.000 54,000 80,100 396,100 117,000 513,100 286,000 96.000 382,000 $895, 100 Book Print Equipment that had cost $31,900 and on which there was accumulated depreciation of $11,600 was sold during Year 2 for $27,300. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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.) Joyner Company Statement of Cash Flows-Indirect Method (partial)