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PLEASE HELPPP, I WILL LIKEEE Joyner Company's Income statement for Year 2 follows: Its balance sheet amounts at the end of Years 1 and 2
PLEASE HELPPP, I WILL LIKEEE
Joyner Company's Income statement for Year 2 follows: Its balance sheet amounts at the end of Years 1 and 2 are as follows: Equipment that had cost $38,000 and on which there was accumulated depreclation of $30,000 was sold during Year 2 for $14,000. The company declared and pald 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 activitles for Year 2. 2. Prepare a statement of cash flows for Year 2. 3. Compute the free cash flow for Year 2. Using the indirect method, compute the net cash provided by/used in operating activities for Year 2 . (List any deduction in raeh nutflous ae nenativo smnunte) Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts. Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.)Step by Step Solution
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