I really need hep with this one. I need to complete a cash flow statement using the indirect method.

Balance sheets and income statement follow:
TRAHAN COMPANY
Comparative Balance Sheets
December 31
2010 2009
Assets
Cash.. . 38,000 20,000
Accounts receivable.. . 33,000 14,000
Merchandise inventory.. . 27,000 20.000
Property, plant, and equipment.. . 60,000 78,000
Accumulated depreciation.. . (32,000) (24,000)
Total assets.. . 126,000 108,000
Liabilities and Equity
Accounts payable.. . 24,000 15,000
Income taxes payable.. . 7,000 8,000
Bonds payable.. . 27,000 33,000
Common stock.. . 18,000 14,000
Retained earnings.. . 50,000 38,000
Total liabilities and equity.. . 126,000 108,000
TRAHAN COMPANY
Income Statement
For Year Ended December 31, 2010
Sales.. . 242,000
Cost of goods sold.. . 175,000
Gross profit.. . 67,000
Selling expenses.. . 18,000
Administrative expenses.. . 6,000 24,000
Income from operations.. . 43,000
Interest expense.. . 3,000
Income before taxes.. . 40,000
Income tax expense.. . 8,000
Net income.. . 32,000

Additional Information:

1. Dividends declared and paid were 29,000 cash.
2. During the year equipment was sold for 8,500 cash. This equipment cost 18,000 originally and had a book value of 8,500 at the time of sale.
3. All depreciation expense is in the selling expense category.
4. All sales and purchases are on account.

Adjustments to reconcile net income to net
cash provided by operating activities
Depreciation expense $14,500
Increase in account receivable (19,000)
Increase in inventory (7,000)
Increase in accounts payable 14,000
Decrease in tax payable (1,000) 1,500
Net cash provided by operating activities $33,500
Cash flows from investing activities
Sale of equipment 8,500
Cash flows from financing activities
Redemption of Bonds 6,000
Common stock 4,000
Payment for dividends (20,000)
Net cash used by financing activities 21,000
Net increase in cash 15,000
Cash at beginning of period 20,000
Cash at end of period $35,000

B 1. Compute the current cash debt coverage ratio

38,000 / (24,000 + 15,000) / 2 = 1.95 times

B2. Compute the cash debt coverage ratio.

38,000 / 31,000 + 23,000) / 2 = 1.41 times

B3. Compute the free cash flow.

38,000 – 20,000 = 18,000

I do not know if I have the these figures right.