2. Shown below are comparative balance sheets for Marzano Company. Points: 15 MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2014 Cash $ 63,000 Accounts receivable 88000 Inventory 167.000 Land 80.000 Equipment 265.000 Accumulated depreciatico-quipment (66.000) Total $597.000 2013 $ 22.000 76,000 189.000 100.000 200.000 32.000) $955.000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par Retained carnings Total 2014 $ 34.000 150.000 221.000 192.000 $597.000 2013 $ 43,000 200.000 174.000 138 000 5555.000 Additional information: 1. Net income for 2014 was 103,000 2. Depreciation expense was 534,000 3. Cash dividends of $49,000 were declared and paid 4 Bands payable amounting to $50.000 were redeemed for cash $50,000 5. Common stock was issued for $47.000 cash 6. No equipment was sold during 2014 7. Land was sold for its book value. Instructions (m) Prepare a statement of cash flows for 2014 using the indirect method (b) Compute these cash-based ratios (1) Current cash debt coverage (2) Cash debt coverage