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Joyner Company's income statement for Year 2 follows: Its balance sheet amounts at the end...

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Accounting

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Joyner Company's income statement for Year 2 follows: Its balance sheet amounts at the end of Years 1 and 2 are as follows: Equipment that had cost $30,000 and on which there was accumulated depreciation of $12,000 was sold during Year 2 for $27,000. 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 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. 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.) Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for Year 2. (List any deduction in cash and cash outflows as negative amounts.) Complete this question by entering your answers in the tabs below. Compute the free cash flow for Year 2 . (Negative amount should be indicated by a minus sign.)

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