Joyner Company's income statement for Year 2 follows: Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $ 702,000 337,000 365,000 218,000 147,000 6,000 153,000 45,900 Gain on sale of equipment Income before taxes Income taxes Net income $ 107,100 Its balance sheet amounts at the end of Years 1 and 2 are as follows Year 2 Cash and cash equivalents Accounts receivable $ 47,800 87,700 118,000 278,000 18,000 43 800501,700 628,000 12,000 130,600 268,000 319,000 9,000 Prepaid expenses Total current assets Property, plant, and equipment 165,900 Net property, plant, and equipment Loan to Hymans Company Total assets 4,000 $1,149,900 883,100 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 $ 320,000 265,000 59,000 81100 43,000 84,800 447,800 7405,100 191 000105,000 510,100 276,000 173,100 97,000 511.100373.000 $1,149,900 883,100 638,800 338,000 Total liabilities and stockholders' equity Equipment that had cost $31,900 and on which there was accumulated depreciation of $11,600 was sold during Year 2 for $26,300. The company declared and paid a cash dividend during Year 2. lt did not retire any s or repurchase any of its own stock. Required 1. Using the indirect method, compute the net cash provided bylused 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