The comparative balance sheets of Splish Corporation at the beginning and end of the year 2020 appear below. SPLISH CORPORATION BALANCE SHEETS Dec 31, 2020 Jan 1, 2020 Inc./Dec. Assets Cash $22,200 $14,530 $7,670 Inc 108,200 89,530 18,670 Inc. Accounts receivable Equipment Less: Accumulated Depreciation-Equipment Total 41,200 23.530 17,670 Inc (17.000) 6,000 Inc (11,000 $116,590 $154,600 $22,200 $16,530 5,670 Inc Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total 102.200 81,530 20,670 Inc 30,200 11.670 Inc 18,530 $116,590 $154,600 Net Income of $46,200 was reported and dividends of $34,530 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.s. (15,000).) SPLISH CORPORATION Statement of Cash Flows Adjustment to reconcile net income to $ Compute the current ratio (current assets + current liabilities) as of January 1, 2020, and December 31, 2020. (Round ratios to 1 decimal place, 2.3.4.5.) 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 es. 15,000 or in parenthesis eg. (15,000)) Free Cash Flow $ In light of the analysis in (part b) comment on Splisly's liquidity and financial flexibility Splish company has liquidity and financial flexbility