please answer all the questions based on the information in the first photo

The controller of Nebula Corporation has provided you with the following information: Nebula Corporation Income Statement For the Year Ended December 31, 2020 620,000 410,000 210,000 Net sales. Operating expenses Income from operations Other revenues and expenses Gain on sale of equipment. Interest expense. Income before income taxes. Income taxes... Net Income. 30,000 8,000 22.000 232,000 92.800 139.200 Nebula Corporation Comparative Account Information Relating to Operations For the Year Ended December 31, 2020 Accounts receivable Prepaid insurance Accounts payable Interest payable Income taxes payable Unearned revenue 2019 56.000 5.000 59.000 600 4.200 20.000 2020 40,000 6,000 47,000 1,500 6.000 14,000 Question 1 (10 points) 1. Prepare a statement of cash flows (for operating activities only) for the year ended December 31, 2020, using the Indirect method. Question 2 (6 points) 1. Calculate the following ratios: a. Current Cash debt coverage ratio b. Cash debt coverage ratio Question 3 (4 points) 1. How might the statement of Cash Flow help the users of Financial Statements? 1