2. Shown below are comparative balance sheets for Marzano Company. Points: 15 MARZANO COMPANY Comparative Balance Sheets December 31 Assets 2014 2013 Cash $ 63,000 $ 22.000 Accounts receivable 88.000 76,000 Inventory 167.000 189.000 80.000 100,000 Equipment 265.000 200.000 Accumulated depreciation equipment 166.000) 32.000 Total 5597.000 $555.000 Land Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock (si par Retained earning Total 2014 5 34.000 150.000 221.000 192.000 3597000 2013 543,000 200,000 174 000 138,000 $555.000 Additional information Net income for 2014 was 5103.000. 2 Depreciation expense was 534,000 3. Cash dividends of $40,000 were declared and paid 4 Bonds payable amounting to $50.000 were redeemed for cash $50,000 5. Common stock was issued for 547,000 cash 6. No equipment was sold during 2014 7. Land was sold for its book value Instructions (w) 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