2. TCLUIULUUPICUIULIOL Required a. Calculate the change in cash and cash equivalents that occurred during 2019. b. Prepare a statement of cash flows using the indirect method. Analyzing Cash Flow Ratios Pearce Enterprises reported the following information fo year of operations: nformation for the past Free Cash Flow $250,000 Operating-Cash- Flow-to-Current- Liabilities Ratio 1.0 times Operating-Cash Flow-to-Capital Expenditures Ratio 3.0 times Transaction Recorded credit sales of $9,000 Collected $4,000 owed from customers Purchased $28,000 of equipment on long-term credit Purchased $16,000 of equipment for cash Paid $10,000 of wages with cash Recorded utility bill of $1,750 that has not been paid d. For each transaction, indicate whether the ratio will (I) increase. (D) decrease, or (N) Statement of Cash Flows (Direct Method) Refer to the data given for the Artic com lem P13-1A. e, or (N) have no effet Artic Company in Pivo