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please help illustrate the correct calculations for the areas that are incorrect! I greatly appreciate the help! Its balance sheet amounts at the end of

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please help illustrate the correct calculations for the areas that are incorrect! I greatly appreciate the help!

Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment s 145,500 82,500 272,000 131,000 320,000 275, 000 19,000 507,500 512,000 131, 600 9, 500 747,000 628,000 165, 300 462,700 45, 000 $1,254,700 Less accumulated depreciation Net property, plant, and equipment 380, 400 Loan to Hymans Company 0 Total assets $887, 900 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 319, 000 $266, 000 52,000 80,900 398,900 111,000 646,300509, 900 282,000 96,000 378, 000 $1,254,700 $887,900 47,000 84,300 450, 300 196, 000 344, 000 264,400 608,400 Equipment that had cost $31,000 and on which there was accumulated depreciation of $11,700 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.

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