PROBLEM 15-17 Prepare a Statement of Cash Flows; Free Cash Flow LO15-1, LO15-2, LO15-3, LO15-4, LO15-5, LO15-6 Joyner Company's income statement for Year 2 follows: PROBLEM 15A-7 Prepare and Interpret a Statement of Cash Flows LO15-1, LO15-7 Refer to the financial statement data for Joyner Company in Problem 15-17. Sam Conway, president of the company, considers $15,000 to be the minimum cash balance for operating purposes. As can be seen from the balance sheet data, only $4,000 in cash was available at the end of the current year. The sharp decline is puzzling to Mr. Conway, particularly because sales and profits are at a record high. PROBLEM 15-17 Prepare a Statement of Cash Flows; Free Cash Flow LO15-1, LO15-2, LO15-3, LO15-4, LO15-5, LO15-6 Joyner Company's income statement for Year 2 follows: PROBLEM 15A-7 Prepare and Interpret a Statement of Cash Flows LO15-1, LO15-7 Refer to the financial statement data for Joyner Company in Problem 15-17. Sam Conway, president of the company, considers $15,000 to be the minimum cash balance for operating purposes. As can be seen from the balance sheet data, only $4,000 in cash was available at the end of the current year. The sharp decline is puzzling to Mr. Conway, particularly because sales and profits are at a record high