Based on the above information, prepare a complete statement of cash flows for Mash Corporation, showing the computation of net cash flows from operating activities by the direct method. Include a correct heading and presentation format. (10 points)

Based on the statement of cash flows prepared from the above information, briefly explain if the company is generating enough cash to pay its obligations as they come due. (5 points)

In order to prepare the statement of cash flows for Mash Corporation for 2020, the accountant has compiled the following data regarding cash flows: Purchases of marketable securities $ 97,000 Proceeds from sales of marketable securities $152,000 Interest and dividends received $81,600 Interest paid $56,200 Taxes paid $75,500 Dividends paid $39,500 Proceeds from short-term borrowing $161,500 Payments to settle short-term debts (principal repaid) $98,500 Cash received from customers $641,000 Cash paid to suppliers and employees $413,000 Proceeds from issuing capital stock $818,000 Purchases of plant assets $528,000 Proceeds from sales of plant assets $488,000 Cash and cash equivalents, beginning of year $140,500