Please somebody help me with this!

(Preparation of a Statement of Cash Flows and Balance Sheet) Lane Corporation Inc. had the following balance sheet at December 31, 2019. Lane, Inc Balance Sheet 31-Dec-19 Cash Accounts Receivable Investments Plant Assets (Net) Land $ 45,000 59,500 70,000 138,500 $ 75,000 $ 388,000 Accounts Payable Notes Payable (Long Term) Common Stock Retained Earnings $ 54,550 75,000 200,000 58,450 $ 388,000 During 2020, the following occurred. 1. Lane liquidated its available-for-sale investment portfolio at a gain of $25,000. 2. A tract of land was purchased for $48,000 cash. 3. An additional $20,200 in common stock was issued at par. 4. Dividends totaling $51,000 were declared and paid to stockholders. 5. Net income for 2020 was $96,500, including $12,000 in depreciation expense. 6. Land was purchased through the issuance of $195,000 in additional notes payable. 7. A payment was made on the Long Term Note Payable of $30,000. 8. At December 31, 2019, Cash was $95,800, Accounts Receivable was $74,000, Accounts Payable was $50,150. Instructions (a) Prepare a statement of cash flows for the year 2020 for Lane. (Up to 6 Points) (b) Prepare the balance sheet as it would appear at December 31, 2020. (Up to 5 Points) (c) Compute Lane's free cash flow and the current cash debt coverage ratio for 2020. (Up to 4 Points) PROPER FORMAT WILL COUNT