A comparative balance sheet for Martinez 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 $ 72,900 $ 22,000 84,190 68,290 182,190 191,290 73,190 112,290 262,190 202,290 (71,190) (44,290) $603,470 $551,870 $ 36,190 $ 49,290 150,000 200,000 214,000 164,000 203,280 138,580 $603,470 $551,870 Additional information: 1. Net income for 2020 was $129,380. No gains or losses were recorded in 2020. 2. Cash dividends of $64,680 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Prepare a statement of cash flows for 2020 for Martinez Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) MARTINEZ CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Issued common stock to retire $ of bonds outstanding Determine Martinez 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., e.g. 0.67.) Current cash debt coverage :1 Cash debt coverage :1 Free cash flow $ Comment on its liquidity and financial flexibility. Martinez has liquidity. Its financial flexibility is