help please

The comparative balance sheets of Skysong Corporation at the beginning and end of the year 2020 appear below. SKYSONG CORPORATION BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $ 21,280 $ 15,240 $ 6,040 Inc. Accounts receivable 107,280 90,240 17,040 Inc. Equipment 40,280 24,240 16,040 Inc. Less: Accumulated Depreciation-Equipment (17,000) (11,000) 6.000 Inc. Total $ 151,840 $ 118,720 Liabilities and Stockholders' Equity Accounts payable $ 21,280 $ 17,240 4,040 Inc. Common stock 101,280 82,240 19,040 Inc. Retained earnings 29,280 19,240 10,040 Inc. Total $ 151,840 $ 118,720 Net income of $ 45,280 was reported, and dividends of $ 35,240 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) SKYSONG CORPORATION Statement of Cash Flows Adjustment to reconcile net income to $ $ e Textbook and Media Compute the current ratio (current assets + current liabilities) as of January 1, 2020, and December 31, 2020. (Round ratios to 1 decimal place., e.g. 4.5.) December 31, 2020 January 1, 2020 Current ratio Compute free cash flow for the year 2020. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free Cash Flow $ e Textbook and Media In light of the analysis in (part b), comment on Skysong's liquidity and financial flexibility. Skysong company has v liquidity and v financial flexibility. e Textbook and Media SKYSO Statem Cash at Beginning of Year Cash at End of Year Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash In light of the analysis in (part b), comment on Skysong's liquidity and financial flexibility. Skysong company has liquidity and v financial flexibility. bad good