Problem 13-10 (Algo) Prepare a Statement of Cash Flows; Free Cash Flow [LO13-1, LO13-2, LO13-3] Joyner Company's Income statement for Year 2 follows: Sales $719,000 Cast of goods sold 67,000 Gross margin 652,000 selling and administrative expe 150,300 Het operating incom 501,700 Bonoperating items: Gain on sale of equipment 6,000 I AXE Incone befuce tas Ret Incone $304,620 Its balance sheet amounts at the end of Years 1 and 2 are as follows 507,700 203,000 THEE 2 Assets Cash 5290,130 546,500 Accounts receivable tventory Prepaid expens Total current assets Property, plast, and equipment laas seramlated depreciation 221,000 141,000 315,000 27,000 11,000 22,000 841,120 496,500 632,000 502,000 167,000 131,100 Het property, plant, and equipment 455,000 370,900 Loan to Bysans Company 44,000 Total ansta 51,340,120 5067,400 Liabilities and Stockholders' Equity Accounts payable $317,000 $260,000 Accrued liabilities 44,000 $3,000 Income taxes payable $4,000 80,400 Total current liabiliti 445,000 393,400 Dende payable 195,000 106,000 Total liabilitie 640,000 499,400 Comos atack 332,000 271,000 Retained warnings 368,120 97.000 Total stockholders' equity Total liabilities and storioelders equity 100,120 368,000 51,340, 120 1:867,400 Equipment that had cost $30,200 and on which there was accumulated depreciation of $10,500 was sold during Year 2 for $25.700 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 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 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 amoun Jaymer Company Statement of Cash Flows-indiel Meter