Riverbed Inc. applies ASPE and had the following statement of financial position at the end of operations for 2019: RIVERBED INC. Statement of Financial Position December 31, 2019 Cash $50,500 Accounts payable $ 93,000 Accounts receivable 90,000 Long-term debt 85,000 Inventory 82,000 Common shares 100,000 Machinery (net) 125,000 Retained earnings 89,500 Trademarks 20,000 $367,500 $367,500 During 2020, the following occurred: 1. Jia Inc. sold some of its trademarks. The trademarks had an unlimited useful life and a cost of $10,000. They were sold for proceeds of $19,500. 2. Machinery was purchased in exchange for long-term debt of $40,000. 3. Long-term debt in the amount of $15,200 was retired before maturity by paying $15,200 cash. 4. An additional $12,000 in common shares was issued. 5. Dividends totalling $13,500 were declared and paid to shareholders. 6. Net income for 2020 was $44,000 after allowing for depreciation of $19,000. 7. Machinery with a carrying value of $18,000 was sold at a gain of $7,000. 8. At December 31, 2020, Cash was $68,800; Accounts Receivable was $111,000; Accounts Payable was $83,000 and Inventory increased to $107,000. 1.Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) 2.Prepare the statement of financial position as it would appear at December 31, 2020. (List Assets in order of liquidity.) 3.Calculate the following ratios: (Round current cash debt coverage ratio and cash debt coverage ratio answers to 2 decimal places, e.g. 52.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 1. Free cash flow $ 2. Current cash debt coverage ratio to 1 3. Cash debt coverage ratio