A comparative balance sheet for Bramble Corporation is presented below.

Additional information:

1.		Net income for 2017 was $127,920. No gains or losses were recorded in 2017.
2.		Cash dividends of $63,490 were declared and paid.
3.		Bonds payable amounting to $50,000 were retired through issuance of common stock.

A) Prepare a statement of cash flows for 2017 for Bramble Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

B) Issued common stock to retire $____ of bonds outstanding

C) Determine Bramble Corporations current cash debt coverage, cash debt coverage, and free cash flow. (Round current cash debt coverage and cash debt coverage to 2 decimal places., e.g. 0.67.)

*Current cash debt coverage___

*Cash debt coverage___

*Free cash flow___

*Comment on its liquidity and financial flexibility: Bramble has ( EXCELLENT/ POOR) liquidity. Its financial flexibility is ( BAD/ GOOD).

31 2016 Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment 2017 72,810 22,000 83,460 67,650 190,650 111,650 201,650 181,46 72,460 261,460 (70,460)(43,650) Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings 5601,190 549,950 S 35,460 48,650 200,000 164,000 137,300 5601,190 549,950 150,000 214,000 201,730 Total