The comparative balance sheets of Monty Corporation at the beginning and end of the year 2020 appear below. Assets Cash Accounts receivable Equipment MONTY CORPORATION BALANCE SHEETS Less: Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total Dec. 31, 2020 $21,030 107,030 40,030 (17,000) $151,090 $21,030 101,030 29,030 $151,090 Jan. 1, 2020 $14,120 89,120 23,120 (11,000) $115,360 $16,120 81,120 18,120 $115,360 Inc./Dec. $6,910 Inc. 17,910 Inc. 16.910 Inc. 6,000 Inc. 4,910 Inc. 19,910 Inc. 10,910 Inc. Net income of $45,030 was reported, and dividends of $34,120 were paid in 2020. New equipment was purchased and none was sold. Compute the current ratio (current assets + current liabilities) as of January 1, 2020, and December 31, 2020. (Round ratios to 1 decimal place, e.g. 4.5.) Compute free cash flow for the year 2020. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).)