ACCOUNTING 250-Skysong Inc. had the following balance sheet at December

Based on Problem 5-7Skysong Inc. had the following balance sheet at December 31, 2016.SKYSONG INC.BALANCE SHEETDECEMBER 31, 2016Cash$ 21,290Accounts payable$ 31,290Accounts receivable22,490Bonds payable42,290Investments32,000Common stock101,290Plant assets (net)82,290Retained earnings24,490Land41,290$199,360$199,360During 2017, the following occurred.1.Skysong liquidated its available-for-sale investment portfolio at a loss of $6,290.2.A tract of land was purchased for $39,290.3.An additional $30,000 in common stock was issued at par.4.Dividends totaling $11,290 were declared and paid to stockholders.5.Net income for 2017 was $36,290, including $13,290 in depreciation expense.6.Land was purchased through the issuance of $31,290 in additional bonds.7.At December 31, 2017, Cash was $71,490, Accounts Receivable was $43,290, and Accounts Payable was $41,290.DELIVERABLES:1. In Excel prepare a statement of cash flows for the year 2017 for Skysong2. In the same Excel workbook on a separate sheet prepare a balance sheet (unclassified) as it would appear at December 31, 2017.3. Post to the link labeled Project #2 – Cash Flow (located in the Project’s section