A comparative balance sheet for Waterway Corporation is presented as follows.

		December 31
Assets		2020			2019
Cash		$ 72,690			$ 22,000
Accounts receivable		83,430			67,740
Inventory		181,430			190,740
Land		72,430			111,740
Equipment		261,430			201,740
Accumulated Depreciation-Equipment		(70,430	)		(43,740	)
Total		$600,980			$550,220
Liabilities and Stockholders' Equity
Accounts payable		$ 35,430			$ 48,740
Bonds payable		150,000			200,000
Common stock ($1 par)		214,000			164,000
Retained earnings		201,550			137,480
Total		$600,980			$550,220

Additional information:

1.		Net income for 2020 was $127,860. No gains or losses were recorded in 2020.
2.		Cash dividends of $63,790 were declared and paid.
3.		Bonds payable amounting to $50,000 were retired through issuance of common stock.

(a) Prepare a statement of cash flows for 2020 for Waterway Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

(b) Determine Waterway Corporations 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.)