Bridgeport Inc. had the following statement of financial position at the end of operations for 2019:

BRIDGEPORT INC. Statement of Financial Position December 31, 2019
Cash		$20,000		Accounts payable		$30,000
Accounts receivable		21,200		Bonds payable		41,000
FV-NI investments		32,000		Common shares		100,000
Equipment (net)		81,000		Retained earnings		23,200
Land		40,000
		$194,200				$194,200

During 2020, the following occurred:

1.	Bridgeport liquidated its FV-NI investments portfolio at a loss of $6,000.
2.	A parcel of land was purchased for $40,500.
3.	An additional $38,000 worth of common shares was issued.
4.	Dividends totalling $15,000 were declared and paid to shareholders.
5.	Net income for 2020 was $39,100, including $12,000 in depreciation expense.
6.	Land was purchased through the issuance of $40,000 in additional bonds.
7.	At December 31, 2020, Cash was $74,800; Accounts Receivable was $42,000; and Accounts Payable was $40,000.

Prepare the statement of financial position as it would appear at December 31, 2020.

Prepare a statement of cash flows for the year ended December 31 2020.

Calculate 2019, 2020 acid test ratio, current ratio, and the 2020 free cash flow and current cash debt coverage ratio.