The ABC Company's income statement and comparative balance sheets at December 31 of 2019 and 2018 are shown below: ABC COMPANY Income Statement For the Year Ended Dec 31, 2019 Sales revenue $ 750,000 Operating expenses: Cost of goods sold 450,000 Wages expense Advertising expense 120,000 29,000 Depreciation expense 24,000 Interest expense 20,000 643,000 Operating income 107,000 Non-operating income or expense Gain on sale of land 25,000 25,000 Income before income taxes 132,000 Income tax credit or (expense) (33,000) Net income or (loss) $ 99,000 ABC COMPANY Comparative Balance Sheet For the Year Ended Dec 31, 2019 Dec 31, 2018 Change Cash Accounts receivable Inventory $ 80,000 $ 34,000 $ 46,000 45,000 49,000 (4,000) 107,000 115,000 (8,000) Prepaid advertising 10,000 14,000 (4,000) Land 39,000 (39,000) Plant Property and Equipment 360,000 210,000 150,000 Accumulated depreciation (80,000) (56,000) (24,000) Total Assets 522,000 $ 405,000 $ 117,000 Accounts payable $ 25,000 $ 47,000 $ (22,000) Interest payable 12,000 (12,000) Bonds payable 210,000 210,000 Common stock 215,000 250,000 (35,000) Retained Eamings 72,000 96,000 (24,000) Total liabilities and shareholde $ 522,000 $405,000 $117,000 Cash dividends of $123,000 were declared and paid during 2019. During 2019, Land with a book value of $39,000 was sold for $64,000 in cash. Plant assets were purchased for cash and bonds payable were issued for cash. Bond interest is paid semi-annually on June 30 and December 31. The firm also repurchased some of its common stock for cash. Accounts payable relate to merchandise purchases. Compute the net cash flows from operating activities. (Indicate a decrease in cash with a negative number.) Using the information from question 2, briefly comment on the ability for ABC to pay its current debts (mention an appropriate ratio or calculation). Using the information from question 2, briefly comment on the ability for ABC to finance its capital expenditures out of its operating cashflows (mention an appropriate ratio or calculation).