A comparative balance sheet for Metlock Corporation is presented as follows. December 31 Assets 2020 2019 Cash $72,670 $22,000 Accounts receivable 84,500 68,830 Inventory 182,500 191,830 Land 73,500 112,830 Equipment 262,500 202,830 Accumulated Depreciation-Equipment (71,500) (44,830) Total $604,170 $553,490 Liabilities and Stockholders' Equity Accounts payable $ 36,500 $49,830 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 203,670 139,660 Total $604,170 $553,490 Total dditional information: $604,170 $553,490 1. Net income for 2020 was $130,000. No gains or losses were recorded in 2020. 2. Cash dividends of $65,990 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 Metlock Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).) METLOCK CORPORATION Statement of Cash Flows Adjustments to reconcile net income to 26670 (15670) 9339 (13330) 130000 7000 14 Issued common stock to retire $ of bonds outstanding (b) Determine Metlock 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 Cash debt coverage Free cash flow :1 :1 Comment on its liquidity and financial flexibility. Metlock has liquidity. Its financial flexibility is