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 $ 707,000 388,000 319,000 150,400 168,600 7,000 175,600 52,680 $ 122,920 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 $ 102,020 221,000 319,000 9,000 651,020 630,000 166,500 463,500 40,000 $1,154,520 $ 95,600 123,000 275,000 18,000 511,600 502,000 131, 100 370,900 $882,500 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 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 313,000 47,000 84,100 444,100 199,000 643,100 332,000 179,420 511,420 $1,154,520 $ 265,000 55,000 80,500 400,500 117,000 517,500 275,000 90,000 365,000 $ 882,500 Equipment that had cost $31,000 and on which there was accumulated depreciation of $11,900 was sold during Year 2 for $26,100. The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock. 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 FlowsIndirect Method (partial) 0 S 0 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: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents S 0 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