tios L e nta corporation's free cash flow. E5-16 (05,6) (Preparation of a Statement of Cash Flows) A comparative balance tive balance sheet for Shabbona Corporation is pro sented below. December 31 Assets 2017 2016 Cash $ 73000 $ 22.000 Accounts receivable 82.000 66,000 Inventory 180000 189,000 Land 71.000 110,000 Equipment 260,000 200.000 Accumulated depreciation equipment (69.000) (42,000) Total $997.000 $545,000 Liabilities and Stockholders' Equity Accounts payable $ 34,000 $ 47,000 Bonds payable 150,000 200,000 Common stock (51 par) 214,000 164,000 Retained earnings 199,000 134,000 Total $597,000 $545,000 EXCIOS 241 Inc. at bional information: Net income for 2013 : Cash dividends Bonds payable amo structions me for 2017 was $125,000. No gains or losses were recorded in 2017, ch dividends of $60,000 were declared and paid. vable amounting to 550,000 were retired through issuance of common stock. are a statement of cash flows for 2017 for Shabbona Corporation. mine Shabbona Corporation's current cash debt coverage, cash debt coverage, and free cash flow. Comment on its liquidity and financial flexibility