Hello. P12-7AFinancial Accounting, Tools for Business Decision Making, Kimmel, Weygandt & Kieso, and 7th Edition

I Need B1-B2-B3 Complete. I believe I have the first part correct. The file is attached.

Name: Instructor: Ingalls Date: Course: BUA 201 Financial Accounting: Chapter 12 Homework P12-7A, Prepare a statement of cash flowsindirect method, and compute cash-based ratios. Presented below are the financial statements of Kurtzel Company. KURTZEL COMPANY Comparative Balance Sheets December 31 Assets 2014 2013 Cash $35,000 $20,000 Accounts receivable 20,000 14,000 Inventory 28,000 20,000 Property, plant, and equipment 60,000 78,000 Accumulated depreciation (32,000) (24,000) Total $111,000 $108,000 Liabilities and Stockholders' Equity Accounts payable $19,000 $15,000 Income taxes payable 7,000 8,000 Bonds payable 17,000 33,000 Common stock 18,000 14,000 Retained earnings 50,000 38,000 Total $111,000 $108,000 KURTZEL COMPANY Income Statement For the Year Ended December 31, 2014 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242,000 175,000 67,000 $18,000 6,000 24,000 43,000 3,000 40,000 8,000 $32,000 Additional data: 1. Depreciation expense was $17,500 2. Dividends declared and paid were $20,000 $8,500 cash. This equipment cost 3. During the year equipment was sold for originally and had accumulated depreciation of $9,500 at the time of sale. $18,000 Name: Instructor: Ingalls Date: Course: BUA 201 Instructions: (a) Prepare a statement of cash flows using the indirect method. Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation Increase in accounts payable Decrease in income taxes payable Increase in accounts feceivable Increase in inventory Net cash by operating activities $32,000 $17,500 4,000 (1,000) (6,000) (8,000) Cash flows from investing activities Proceeds from sale of equipment 6,500 38,500 8,500 Cash flows from financing activities Issuance of common stock Redemption of bonds Payment of cash dividends Net cash used by financing activities 4,000 (16,000) (20,000) (32,000) Net cash flow Cash at beginning of period Cash at end of period 15,000 20,000 $35,000 Calculation here as desired Calculation here as desired (b) (1) Compute the current cash debt coverage ratio. Amount Amount + Amount = Times = Times Number (b) (2) Compute the cash debt coverage ratio. Amount Amount + Amount Number (b) (3) Compute the free cash flow. Amount - Amount - Amount = Amount