A comparative balance sheet for Coronado Corporation is presented as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,790 $ 22,000 84,420 68,630 182,420 191,630 73,420 112,630 262,420 202,630 (71,420) (44,630 ) $604,050 $552,890 $36,420 150,000 214,000 203,630 $604,050 $ 49,630 200,000 164,000 139,260 $552.890 estion 1 of 2 Prepare a statement of cash flows for 2020 for Coronado Corporation. (Show amounts that decrease cash flow with either a- e.g. - 15,000 or in parenthesis e.g. (15,000).) CORONADO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities $ 129840 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities 26790 Depreciation expense -15790 Increase in Accounts Receivable 9210 Decrease in Inventory -13210 Decrease in Accounts Payable 2000 136340 Net Cash Provided by Operation Activities Cash Flows from Investing Activities Sale of Land 39210 Purchase of Equipment -59790 Net Cash Used by Investing Activities -20580 Cash Flows from Financing Activities Payment of Cash Dividends -65470 50790 Net Increase in Cash 22000 Cash at Beginning of Year $ 72790 Cash at End of Year Noncash Investing and Financing Activities Issued common stock to retire $ 50000 of bonds outstanding * Your answer is incorrect. Determine Coronado Corporation's current cash debt coverage, cash debt coverage, and free cash flow. (Round current cash debt coverage and cash debt coverage to 2 decimal places, eg. 0.67) 154436.07 21 Current cash debt coverage 1 :1 Cash debt coverage $ Free cash flow Comment on its liquidity and financial flexibility Coronado has liquidity. Its financial flexibility is e Textbook and Media Attempts: unlimited Submit Answer Save for Later