Problem 14-10 Prepare a Statement of Cash Flows; Free Cash Flow [LO14-1, LO14-2, LO14-3]

Problem 14-10 Prepare a Statement of Cash Flows; Free Cash Flow [L014-1, LO14-2, LO14-3] Joyner CompanysIncome statement for Yea olows Sales Cost of goods sold S 707,000 494,000 216,000 Gross margin Net operating income Gain on sale of equipment 278,000 8,000 288,000 85,800 Income taxes Net income s 200,200