Problem 3. Statement of Cash Flows (24 marks) Selected financial statement information and additional data for Stanislaus Co. is presented below. December 31 2019 2020 Cash 542,000 $63,000 Accounts receivable (net) 34,000 151,200 Inventory 168,000 201,500 Land 58,800 21,000 Equipment 504,000 789,600 Accumulated depreciation. 184,000 [115.6001 TOTAL SZ72.app $1.110.800 Accounts payable $50,400 $86,000 Notes payable - Short-term 67,200 29,400 Notes payable - Long-term 168,000 302,400 Common stock 420,000 487,200 Retained earnings 67,200 205.800 TOTAL S272,800 $1.110.800 Additional data for 2020: 1. Net income was $235,200. 2. Depreciation was $31,600. 3. Land was sold at its original cost. 4. Dividends of $96,600 were paid. 5. Equipment was purchased for $84,000 cash. 6. A long-term note for $201.600 was used to pay for an equipment purchase 7. Common stock was issued to pay a $67,200 long-term note payable. 8. Note Payable short-term is alrelated to purchases of products, not borrowing. Requirements: A) Prepare a statement of cash flows for the year ending December 31, 2020. (21 marks) B) Compute 1. "Current cash debt coverage ratio and 2 "Free cash flow" marks)