The Centurion, Inc had the following balance sheet as of 12/31/01

Cash $20,000

A/R $21,200

Investments $32,000

Plant assets (net) $81,000

Land $40,000

A/P - $30,000

Bonds Payable - $41,000

Common Stock $100,000

Retained Earnings $23,200

During the year 2002, the following occurred

1. Centurion liquidates its available-for-sale debt investment portfolio at a loss of $5,000
2. A tract of land was purchase for $38,000
3. AN additional $30,000 in common stock was issue at par.
4. Dividends totaling $10,000 were declared and paid to stockholders.
5. Net income for 2002 was $35,000, including $12,000 in depreciation expense
6. Land was purchased through the issuance of $30,000 in additional bonds.
7. At 12/31/02, Cash was $70,200. A/R was $42,000. A/P was $40,000.

1. Prepare a statement of cash flows for the 2002.
2. Compute Free Cash Flow and Current Cash Debt Coverage