Shown below are comparative balance sheets for Padgett Company. PADGETT COMPANY Comparative Balance Sheets December 31 Assets 2012 2011 Cash $68,000 $22,000 Accounts receivable $88,000 $76,000 Inventory $167,000 $189,000 Land $80,000 $100,000 Equipment $260,000 $200,000 Accumulated Dep- Equipment ($66,000) ($32,000) Total $597,000 $555,000 Liabilities and Stockholders Equity Accounts payable $39,000 $43,000 Bonds payable $150,000 $200,000 Common stock ($1 par) $216,000 $174,000 Retained earnings $192,000 $138,000 Total $597,000 $555,000 Additional information: 1. Net income for 2012 was $93,000 2. Depreciation expense was $34,000 3. Cash dividends of $39,000 were declared and paid 4. Bonds payable amounting to $50,000 were declared and paid 5. Common stock was issued ffor $42,000 cash 6. No equipment was sold during 2012 7. Land was sold for its book value A) Prepare a statement of cash flows for 2012 using the indirect method. B) Compute these cash-based ratios: 1) Current cash debt coverage 2) Cash debt coverage