Statement of Cash Flows (Indirect Method) The Wolff Company's income statement and comparative balance sheets at December 31 of the current year and the previous year are shown below Cash dividends of 529.000 were declared and paid during the current year. Punt assets were purchased for cash and bonds payabie were issued tor cosh tland intereat is pud semi annualy on june 30 and December 31. Accounts payable relate to merchandise purchases. Required a. Cilculate the change in cash that occurred doing the current year. b. Prepare a statement of cash flown using the indirect method. c. Compute free cath tlow. d. Compute the operating-cash-flow-to-current-labilities ratio. e. Compute the operasing-cash-fiow-to-capitat-expenditures ratio. a. Change in Cash duaing the current year 5 WOLFF COMPANY Statement of Cash Flows For Year Ended December 31 Cash Flow from Operating Activities Net Income Add (deduct) items to convert net income to cash basis Depreciation Accounts Receivable Inventory Prepaid Insurance Accounts Payable Increase Wages Payable Decrease Income Tax Payable Cash Flow Provided by Operating Activities Cash Flow from Investing Activities Purchase of Plant Assets Cash Flow from Financing Activities Issuance of Bonds Payable Payment of Dividends Cash Provided by Financing Activities Net Change in Cash Cash at Beginning of Year Cash at End of Year c. Free cash flow \$ d. Operating-cash-flow-to-current-liabilities ratio. Round answer to two decimal places. e. Operating-cash-flow-to-capital-expenditures ratio. Round answer to two decimal places