Please identify the free cash flow answer.

December 31 2020 2019 $ 1,600 $ 51,000 Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings Total 91,000 27,800 (9,800) $ 160,000 87,800 22,500 (10,100) $ 101,800 $ 10,000 75,300 $ 20,000 100,000 40,000 $ 160,000 16,500 $ 101.800 Net income of $36,000 was reported and dividends of $12,500 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $5,300 (cost of $11,900 and accumulated depreciation of $6,600) was sold for $7,500. (a) Calculate the current ratio and debt to total assets ratio as at December 31, 2019 and 2020. Calculate the free cash flow for December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.) 2020 2019 Current Ratio :1 :1 Debt to total assets ratio % % Free cash flow, December 31, 2020 $