Statement of Cash Flows (Indirect Method)

Information for the Lund Corporation
Accounts payable increase	$9,000
Accounts receivable increase	4,000
Accrued liabilities decrease	3,000
Amortization expense	6,000
Cash balance, January 1	22,000
Cash balance, December 31	15,000
Cash paid as dividends	29,000
Cash paid to purchase land	90,000
Cash paid to retire bonds payable at par	60,000
Cash received from issuance of common stock	35,000
Cash received from sale of equipment	17,000
Depreciation expense	29,000
Gain on sale of equipment	4,000
Inventory decrease	13,000
Net income	76,000
Prepaid expenses increase	2,000
Average current liabilities	100,000

(a) Use the information above to prepare a statement of cash flows for Lund Corporation. (When required, list items in alphabetic order.)

Lund Corporation
Statement of Cash Flows
For Year Ended December 31
Cash flows from operating activities
Net income	Answer
Add (deduct) noncash expenses, gains, and losses
Depreciation	Answer
Amortization	Answer
AnswerCash received from sale of equipmentGain on sale of equipment	Answer
Add (deduct) changes in current assets and liabilities
Accounts receivable increase	Answer
Inventory decrease	Answer
Prepaid expenses increase	Answer
Accounts payable increase	Answer
Accrued liabilities decrease	Answer
AnswerCash provided by financing activitiesCash provided by investing activitiesCash provided by operating activitiesCash used in financing activitiesCash used in investing activitiesCash used in operating activities		Answer
Cash flows from investing activities
AnswerCash paid as dividendsCash paid to purchase landCash paid to retire bonds payable at parCash received from issuance of common stockCash received from sale of equipmentGain on sale of equipment	Answer
AnswerCash paid as dividendsCash paid to purchase landCash paid to retire bonds payable at parCash received from issuance of common stockCash received from sale of equipmentGain on sale of equipment	Answer
AnswerCash provided by financing activitiesCash provided by investing activitiesCash provided by operating activitiesCash used in financing activitiesCash used in investing activitiesCash used in operating activities		Answer
Cash flows from financing activities
AnswerCash paid as dividendsCash paid to purchase landCash paid to retire bonds payable at parCash received from issuance of common stockCash received from sale of equipmentGain on sale of equipment	Answer
AnswerCash paid as dividendsCash paid to purchase landCash paid to retire bonds payable at parCash received from issuance of common stockCash received from sale of equipmentGain on sale of equipment	Answer
AnswerCash paid as dividendsCash paid to purchase landCash paid to retire bonds payable at parCash received from issuance of common stockCash received from sale of equipmentGain on sale of equipment	Answer
AnswerCash provided by financing activitiesCash provided by investing activitiesCash provided by operating activitiesCash used in financing activitiesCash used in investing activitiesCash used in operating activities		Answer
Net change in cash		Answer
Cash balance, January 1		Answer
Cash balance, December 31		Answer

(b) Compute Lunds operating-cash-flow-to-current-liabilities ratio. (Round to two decimals.) Answer

can you please do both a and b and explain how to get cash-flow-to-current-liabilities ratio