pls answer incorrect answer only. thanks

A comparative balance sheet for Sheffield Corporation is presented as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,810 $ 22.000 83,460 67,650 181,460 190,650 72,460 111,650 261,460 201,650 (70.460) (43,650) $601.190 $549.950 $ 35,460 150,000 214.000 201.730 $601,190 $ 48,650 200,000 164.000 137.300 $549.950 Additional information: 1. Net income for 2020 was $127,920. No gains or losses were recorded in 2020. Cash dividends of $63,490 were declared and paid. Bonds payable amounting to $50,000 were retired through issuance of common stock. 2 3. Your answer is partially correct. Prepare a statement of cash flows for 2020 for Sheffield Corporation. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) SHEFFIELD CORPORATION Statement of Cash Flows For the Quarter Ended December 31, 2020 SHEFFIELD CORPORATION Statement of Cash Flows For the Quarter Ended December 31, 2020 Cash Flows from Operating Activities $ 127920 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities > Depreciation expense $ $ 26810 Increase in Accounts Receivable - 15810 Decrease in Inventory 9190 Decrease in Accounts Payable 13190 7000 Net Cash Provided by Operating Activities 7000 Net Cash Provided by Operating Activities 134920 Cash Flows from Investing Activities Sale of Land 39190 Purchase of Equipment -59810 Net Cash Used by Investing Activities -20620 Cash Flows from Financing Activities Payment of Cash Dividends -63490 Net Increase In Cash 50810 Cash at Beginning of Year 22000 Cash at End of Year 72810 Noncash Investing and Financing Activities Issued common stock to retire $ 50000 of bonds outstanding e Textbook and Media Your answer is partially correct. Determine Sheffield Corporation's 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.) Contato Current cash debt coverage 3.21 :1 1 Cash debt coverage 0.62 :1 Free cash flow $ 114300 N Comment on its liquidity and financial flexibility. Sheffield has excellent liquidity. Its financial flexibility is good