E5-18B (LO5,6) (Preparation of a Statement of Cash Flows Analysis) A comparative balance sheet f is presented betow. HARRISON CORPORATION BALANCE SHEETS December 31 2017 2016 Inc/Dec. Assets Cash Accounts receivable 36,500 11,000 25,500 Inc. 41,000 90,000 130,000 100,000 30,000 Inc. (34,500) (21,000) 13,500 Inc. 35,500 33,000 94,500 8,000 Inc.C 4,500 Dec Anventory uilding Accumulated depreciation-building Land 55,000 19,500 Dec. Total $ 298,500 $272,500 s 17,000 23,500 6,500 Dec.D 100,000 25,000 Dec. 82,000 25,000 Inc. 67,000 32,500 Inc.A ccounts payable nds payable Common stock ($1 par) Retained earnings 75,000 107,000 99,500 Total $298,500 $272,500 itional information: dividends of $30,000 were declared and paid. Is payable of $25,000 were converted to common stock was sold at cost and no land was purchased. a) Prepare a statement of cash flows for 2017. ) Compute the current ratio (current assets+ current liabilities) as of December 31, 2016 and flow for the year 2017. In light of the analysis in (b), comment on Harrison' s liquidity and financial flexibility