Problem 13-10 (Algo) Prepare a statement of Cash Flows: Free Cash Flow (L013-1, LO13-2, LO13-3) Joyner Company's ostmord for Year 2 flows Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating itenst Gain on sale of equipment Income before taxes Income taxes Net Income 715,200 267,000 448,088 151,300 296,700 2.000 303,700 91. 110 212.592 Its balance sheet amounts of the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets $ 213,790 5 49,900 Accounts receivable 224,000 144,000 Inventory 319,00 288,000 Prepaid expenses 17.20 Total current assets 765,20 498,900 Property, plant, and equipment 521,000 584,000 Les accumulated depreciation 165/200120.900 Net property, plant, and equipment 250 Loan to Hymans Company 42,00 Total assets $ 5 1,262,590872.000 Liabilities and Stockholders' Equity Accounts payable $319,000 251.000 Accrued liabilities 45,000 60,00 Incore taxes payable 856 82.ee Total current liabilities 449,60 Bonds payable 391,000 209,000 104.000 Total Liabilities 650 193 Connon stock 334,00 205,00 Retained earnings 269.900 92.ee Total stockholders equity BOX Total liabilities and stockholders 5 $ equity 1,262.598 372.000 Equipment that had cost $800 and on which there was accused depreciation of $0.00 was sold during 2 for $28200. The cared and paid henduring 2. I did nor any bonds or any oth own stod Required 1 Using the direct method compute the cash provided by operating activities for 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 Required Required 1 3 Using the Indirect method, compute the net cash provided by used in operating activities for Year 2. (stany deduction inclusive amounts) Joyner Company Statement of Cash Flows-Indirect Method para Joyner Company Statement of Cash Flows For Year 2 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Compute the free cash flow for Year 2. (Negative amount should be indicated by a sign.) Free cash flow