The comparative statement of financial position of Ayayai Corporation as at December 31, 2023, follows: Net income of $36,000 was reported and dividends of $12,500 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $5,000 (cost of $11,500 and accumulated depreciation of $6,500 ) was sold for $7,500. (a) Calculate the current ratio and debt to total assets ratio as at December 31,2022 and 2023 . Calculate the free cash flow for December 31, 2023. (Round answers to 2 decimal places, eg 52.75. Show amounts that decrease cash flow with elther a-sign eg - 15,000 or in parenthesis eg. (15,000))