A comparative balance sheet for METU Corporation is presented below. Assets 2019 2018 Cash $ 73,000 $ 22,000 Accounts receivable 82,000 66,000 Inventory 180,000 189,000 Land 71,000 110,000 Equipment 260,000 200,000 Accumulated depreciation-equipment (69,000) (42,000) Total $597,000 $545,000 Liabilities and Stockholders' Equity Accounts payable $ 34,000 $ 47,000 Bonds payable 150,000 200,000 Common stock (51 par) 214,000 164,000 Retained earnings 199,000 134,000 Total $597,000 $545,000 Additional information: 1. Net income for 2019 was $150,000. No gains or losses were recorded in 2019. 2. Cash dividends of $70,000 were declared and paid. 3. Bonds payable amounting to $60,000 were retired through the issuance of common stock. Instructions (a) Prepare a statement of cash flows for 2019 for METU Corporation. (b) Determine METU Corporation's current cash debt coverage, cash debt coverage, and free cash flow. Comment on its liquidity and financial flexibility. A comparative balance sheet for METU Corporation is presented below. Assets 2019 2018 Cash $ 73,000 $ 22,000 Accounts receivable 82,000 66,000 Inventory 180,000 189,000 Land 71,000 110,000 Equipment 260,000 200,000 Accumulated depreciation-equipment (69,000) (42,000) Total $597,000 $545,000 Liabilities and Stockholders' Equity Accounts payable $ 34,000 $ 47,000 Bonds payable 150,000 200,000 Common stock (51 par) 214,000 164,000 Retained earnings 199,000 134,000 Total $597,000 $545,000 Additional information: 1. Net income for 2019 was $150,000. No gains or losses were recorded in 2019. 2. Cash dividends of $70,000 were declared and paid. 3. Bonds payable amounting to $60,000 were retired through the issuance of common stock. Instructions (a) Prepare a statement of cash flows for 2019 for METU Corporation. (b) Determine METU Corporation's current cash debt coverage, cash debt coverage, and free cash flow. Comment on its liquidity and financial flexibility