some help please
Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net income $ 713,000 145,000 568,000 150,000 418,000 6,000 424,000 169,600 $ 254,400 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 Assets Cash and cash equivalents 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 $ 243,100 227,000 320,000 10,000 800, 100 620,000 165,700 454,300 48,000 $1,302,400 $ 55,600 144,000 281,000 20,000 500, 600 519,000 130,800 388, 200 $888,800 $ 319,000 44,000 84,400 447.400 $ 262,000 52,000 81,809 395,00 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Assets Cash and cash equivalents 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 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 243,100 227,890 320,000 10,000 800,100 620,000 165,788 454,300 48,000 $1,302,400 $ 55,600 144,000 281,000 20,000 500,600 519,000 130, 800 388, 200 $ 888,888 319,000 44,000 84,400 447.400 201.000 648,400 342.000 312.000 654,000 $1,302,400 $ 262,000 52,000 81,800 395,800 120,000 515,800 282,000 91,000 373,000 $888.800 Equipment that had cost $31,200 and on which there was accumulated depreciation of $11,800 was sold during Year 2 for $25,400. 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 Required: 1. Using the indirect method, compute the net cash provided by/used 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 2 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 amounts.) Joyner Company Statement of Cash Flows Indirect Method (partial) Required 1 Required 2 Required 3 Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.) 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 Equipment ulat nad COSL 31,200 and on WHICH Were was accumulateu depreciation OI >II,OUU was solu uur The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any Required: 1. Using the indirect method, compute the net cash provided by/used 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 2 Required 3 Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow