$\backslash$table$[[$Joyner Company$],[$Statement of Cash Flows$],[$For Year?$],[$Operating activities:,$],[$Net cash provided by operating activities,$ $48,250],[$Investing activities:,$],[$Proceeds from sale of equipment,$],[$Additions to property, plant, and equipment,$],[,],[,],[,0],[$Financing activities:,$],[$Issuance of bonds payable,$],[$Issuance of common stock,$],[$Cash dividends paid,$],[,],[$Net cash provided by financing activities,$0],[$Net decrease in cash and cash equivalents,$48,250],[$Beginning cash and cash equivalents,$],[$Ending cash and cash equivalents,$ $48,250]]$

Problem $13-17($Algo$)$ Prepare a Statement of Cash Flows; Free Cash Flow $[$LO$13-1,$ LO$13-2,$ LO$13-3,$ LO $4,$ LO$13-5,$ LO$13-6]$

Joyner Company's income statement for Year $2$ follows:

$\backslash$table$[[$Sales$,$$ $920,609],[$Cost of goods sold,$586,009],[$Gross margin,$\backslash$table$[[414,009],[326,609]]],[$Selling and administrative expenses,$],[$Net operating income,$88,009],[\%$ Nonoperating items:,$],[$Gain on sale of equipment,$\backslash$table$[[7,000],[95,009]]],[$Income before taxes,$28,509],[$Income taxes,$],[$Net income,$ $66,509]]$

Its balance sheet amounts at the end of Years $1$ and $2$ are as follows:

$\backslash$table$[[$Assets$,$Year $2,$Year $1],[$Cash and cash equivalents$],[],[$Inventory$,197,609,133,009],[$Prepaid expenses,$292,009,258,099],[$Total current assets,$8,090,16,009],[$Property$,$ plant, and equipment,$560,559,440,500],[$Less accumulated depreciation,$\backslash$table$[[501,000],[125,259]],415,000],[$Net property, plant, and equipnent,,$124,509],[$Loan to Hymans Company,$375,750,290,509],[$Total assets,$38,099,9],[,$$ $974,369,$$ $731,000],[$Liabilities and Stockholders' Equity$],[$: Accrued liabilities,$ $310,009,$$ $251,009],[$Income taxes payable,$19,000,35,009],[$Total current liabilities,$43,009,41,009],[$Bonds payable,$372,000,327,009],[$Total liabilities,$196,009,69,009],[$Common stock,$568,009,396,009],[$Retained earnings,$285,000,250,000],[,121,309,85,009],[$Total stockholders$*$ equity,$406,309,335,009],[$Total liabilities and stockholders' equity,$ $974,360,$$ $731,000]]$

Equipment costing $$45,000$ with accumulated depreciation of $$33,000$ was sold during Year $2$ for $$19,000.$ The company paid a cash dividend during Year $2$ but did not retire any bonds or repurchase any of its own stock.

Required: