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Joyner Company's income statement for Year 2 follows: Sales $718,000 Cost of goods sold 43,000 Gross margin 675,000 Selling and administrative expenses 217,000 Net operating income 458,000 Honoperating items: Gain on sale of equipment 8,000 Income before taxes 466,000 Income taxes 186,400 Net income $279,600 [ Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets Cash $ 232,000 $ 75,200 Accounts receivable 253,000 135,000 Inventory 319,000 277,000 Prepaid expenses 8,000 16,000 Total current assets 312,000 503,200 Property, plant, and equipment 628,000 510,000 Less accumulated depreciation 166,900 130,900 Net property, plant, and equipment 461,100 379,100 Loan to Hymans Company 48,000 0 Total assets $1,321,100 $882,300 Liabilities and Stockholders' Equity Accounts payable $ 314,000 $260,000 Accrued liabilities 46,000 57,000 Income taxes payable 84,500 81,300 Total current liabilities 444,500 398,300 Bonds payable 197,000 108,000 Total liabilities 641,500 506,300 Cormn stock 339,000 285,000 Retained earnings 340,600 91,000 Total stockholders' equity 679,600 376,000 Total liabilities and stockholders' equity 31.321.190 5332.300 ' Equipment that had cost $31,900 and on which there was accumulated depreciation of $11,300 was sold during Year 2 for $28,500. 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 byfused in operating activities for Year 2. 2. Prepare a statement of cash ows for Year 2- 3. Compute the free cash ow for Year 2. 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) 0 $ Required 1 Required 2 Required 3 Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.) Joyner Company Statement of Cash Flows For Year 2 Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow