Problem 5-7 Aero Inc. had the following balance sheet at December 31, 2016 AERO INC. BALANCE SHEET DECEMBER 31, 2016 Cash Accounts receivable Investments Plant assets (net) Land 30,000 41,000 100,000 23,200 $194,200 $20,000 Accounts payable 21,200 Bonds payable 32,000 Common stock 81,000 Retained earnings 40,000 $194,200 During 2017, the following occurred 1. Aero liquidated its available-for-sale investment portfolio at a loss of $5,000 2. A tract of land was purchased for $38,000 3. An additional $30,000 in common stock was issued at par 4. Dividends totaling $10,000 were declared and paid to stockholders. 5. Net income for 2017 was $35,000, including $12,000 in depreciation expense 6. Land was purchased through the issuance of $30,000 in additional bonds 7. At December 31, 2017, Cash was $70,200, Accounts Receivable was $42,000, and Accounts Payable was $40,000 A) Prepare a statement of Cash Flows for the year 2017 for Aero (Show amounts that decrease cash flow with either a -sign e.g 15,000 or in parenthesis e.g. (15,000).) B) Prepare the unclassified balance sheet as it would appear at December 31, 2017. (List Assets in order of liquidity.) C) Compute Aero's free cash flow and current cash debt coverage for 2017. (Round current cash debt coverage to 2 decimal places, e.g. 0.56. Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)