The comparative balance sheets for Beneteau Company Assets 2014 2013 Cash $37,000 $31,000 Acct Receivable(net) 80,000 60,000 Prepaid Insurance 22,000 17,000 Land 18,000 40,000 Equipment 70,000 60,000 Accum Depreciation (20,000) (13,000) Total Assets $207,000 $195,000 Liabilities & Stockholders' Equity Acct Payable $12,000 $6,000 Bonds Payable 27,000 19,000 Common Stock 140,000 115,000 Retained Earnings 28,000 55,000 Total Liabilities & SE $207,000 $195,000 Additional Info: 1. Net loss for 2014 is $12,000. Net sales for 2014 are $250,000 2. Cash dividends of $15,000 were declared and paid 2014 3. Land was sold for cash at a loss of $2,000 This was the only land transaction during the yr. 4. Equip. with a cost of $15,000 & accumulated dep. of $10,000 was sold for $5,000 cash. 5. $12,000 of bonds were retired during the yr. at carrying(book) value 6. Equipment was acquired for common stock. Fair value of the stock at time of exchange was $25,000. (a) Prepare statement of cash flows for the yr ended Dec 31,2014, using the indirect method. (b) Compute current cash debt coverage and cash debt coverage