Problem 5-7

Bramble Inc. had the following balance sheet at December 31, 2019.

BRAMBLE INC. BALANCE SHEET DECEMBER 31, 2019
Cash		$ 25,810		Accounts payable		$ 35,810
Accounts receivable		27,010		Bonds payable		46,810
Investments		32,000		Common stock		105,810
Plant assets (net)		86,810		Retained earnings		29,010
Land		45,810				$217,440
		$217,440

During 2020, the following occurred.

1.		Bramble liquidated its available-for-sale debt investment portfolio at a loss of $10,810.
2.		A tract of land was purchased for $43,810.
3.		An additional $30,000 in common stock was issued at par.
4.		Dividends totaling $15,810 were declared and paid to stockholders.
5.		Net income for 2020 was $40,810, including $17,810 in depreciation expense.
6.		Land was purchased through the issuance of $35,810 in additional bonds.
7.		At December 31, 2020, Cash was $76,010, Accounts Receivable was $47,810, and Accounts Payable was $45,810.

Prepare a statement of cash flows for the year 2020 for Bramble. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Prepare the unclassified balance sheet as it would appear at December 31, 2020. (List Assets in order of liquidity.)

Compute Brambles free cash flow and current cash debt coverage for 2020. (Round current cash debt coverage to 2 decimal places, e.g. 0.56. Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)