Task#2 Statement of Cashflows.20%. ration is pres A comparative balance sheet for Talkington of Ca Corporation is presented below. Cash Accounts receivable 31-De 2017 2016 Change $67,600 $21,600 33,000 83,800 Inventory $46,000 16,000 (19,000) Equipment Accumulated depreciation-equipment Total 49,000 64,800 197,200 236,200 (39,000) 292,400 212,400 80,000 (74,000) (42.000) (32.000) $597,000 $545,000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock (S1 par) Retained earnings Total $34,000 $47,000 (13,000) 150,000 200,000 (50,000) 164,000 164,000 249,000 134,000 115,000 $597,000 $545,000 0 Additional information: 2. Cash dividends of $40,000 were declared and paid. 3. Bonds payable of Ss50,000 were retired. Net income for 2017 was $155,000; there were no gains or losses. Instructions: A. Prepare a statement of Cashflow for the year ended December 31, 2017 1. current cash debt coverage ratio 2. cash debt coverage ratio 3. free cash flow B. Determine Talkington Corporation's