Sales $710,000 Cost of goods sold 353,000 Gross margin 357,000 Selling and administrative expenses 150,400 Net operating income 206,600 Nonoperating items: Gain on sale of equipment 8,000 Income before taxes: Income taxes Net income 214,600 64,380 $ 150,220 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities: Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock 43,000 $1,199,820 Year 2 $ 139,120 227,000 319,000 Year 1 $ 83,200 129,000 283,000 10,500 21,000 695,620 516,200 627,000 511,000 165,800 131,900 461,200 379,100 0 $895,300 $262,000 43,000 59,000 84,100 80,300 439,100 401,300 203,000 109,000 642,100 510,300 344,000 288,000 213,720 97,000 557,720 385,000 $1,199,820 $895,300 $ 312,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Equipment that had cost $31,800 and on which there was accumulated depreciation of $11,500 was sold during Year 2 for $28,300. 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 by/used in operating activities for Year 2 2 Prepare a statement of each flowe-for-Yose