Need this answered ASAP. Thanks in advance.

Problem 1 To prepare the statement of cash flows, accountants for Internet Guide, have summarized 20X8 activity in the Cash account as follows: Cash Beginning balance Recripts of interest Collections from 53,600 Payments on accounts 17.100 payable 99,100 27.200 Payments of dividends Payments of salaries 673,700 +Issuance of common stock 47,300ages 143,800- Payments of interest Purchase of eqaipment Payments of operating 26.900 10,200 expenses Payment of note Payment of income tax 34,300 payable 67,700 15,900 Ending balance 63,600 Required Prepare the statement of cash flows of Internet Guide, Inc., for the year ended December 31, 20X8, using the direct method for operating activities. [ 75 points ] 1. 2. The president has reviewed these statements and has several questions. First, he would like you to explain in your own words what is the purpose of the Statement of Cash Flows. [10 points] He also is concerned that the last 3 years of the Statement of Cash Flows have shown that there has been an increase in cash but that the company is having trouble meeting its current debts. He would like you to help explain the reason for this. In your answer, list at least five possible causes for this trouble. [15 points He is aware that you only have the last year's Statement of Cash Flows. Therefore, some of your answers may have to be general in nature a. b