Thank you PHYData DBA.
I followed the listed steps and when I select "Build Query" from the Excel Source editor the following are the details of the error:
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The Query Builder cannot be used to edit this query. (Microsoft Visual Studio)
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Failed to connect to the source using the connection manager 'Excel Connection Manager' (Microsoft.DataTransformationServices.Design)
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Program Location:
at Microsoft.DataTransformationServices.Design.PipelineUtils.GetActiveConnection(ConnectionManager connectionManager, IServiceProvider serviceProvider, Control control, IsConnectionCurrentCallback IsConnectionCurrent)
at Microsoft.DataTransformationServices.Design.PipelineUtils.GetCompleteConnectionString(ConnectionManager connectionManager, IServiceProvider serviceProvider)
at Microsoft.DataTransformationServices.DataFlowUI.DataFlowConnectionPage.buildSqlQueryButton_Click(Object sender, EventArgs e)