A comparative statement of financial position for AGA is presented below. December 31 2019 2018 Assets Land Equipment Accumulated depreciationequipment Inventory Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary ($1 par) Retained earnings Bonds payable Accounts payable Total $71,000 270,000 (69,000) 180,000 82,000 63,000 $597.000 $110,000 200,000 (42,000) 189,000 66,000 22,000 $545.000 $214,000 199,000 150,000 34,000 $597,000 $164,000 134,000 200,000 47,000 $545,000 Additional information: i. Net income for 2022 was $105,000. ii. Cash dividends of $40,000 were declared and paid. iii. Bonds payable amounting to 50,000 were retired through issuance of ordinary shares. Required: a. Prepare a statement of cash flows for 2020 for AGA. (9 marks) b. Determine AGA's current cash debt coverage, cash debt coverage, and free cash flow. Comment on its liquidity and financial flexibility. (6 marks) A comparative statement of financial position for AGA is presented below. December 31 2019 2018 Assets Land Equipment Accumulated depreciationequipment Inventory Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary ($1 par) Retained earnings Bonds payable Accounts payable Total $71,000 270,000 (69,000) 180,000 82,000 63,000 $597.000 $110,000 200,000 (42,000) 189,000 66,000 22,000 $545.000 $214,000 199,000 150,000 34,000 $597,000 $164,000 134,000 200,000 47,000 $545,000 Additional information: i. Net income for 2022 was $105,000. ii. Cash dividends of $40,000 were declared and paid. iii. Bonds payable amounting to 50,000 were retired through issuance of ordinary shares. Required: a. Prepare a statement of cash flows for 2020 for AGA. (9 marks) b. Determine AGA's current cash debt coverage, cash debt coverage, and free cash flow. Comment on its liquidity and financial flexibility. (6 marks)