The following schedule of information relates to XYZZZ Corp. for the year ended December 2018:

Income statement data:
Sales	$ 2,289,000
Loss on sale of plant assets	8,400
Depreciation expense	14,850
Net income	125,400
Cash receipts:
From issuance of ordinary shares	$ 38,000
From sale of plant assets	3,325
From loan borrowings	9,000
Cash payments:
For purchase of plant assets	$ 98,000
To shareholders as dividends	148,750
Change in working capital accounts:
Accounts receivable decrease	$ 22,850
Inventory increase	26,400
Accounts payable decrease	33,600
Accrued liabilities increase	32,540
The cash balance at the beginning of 2020 was	$ 33,860

1. Prepare a 2020 statement of cash flows using the indirect method

1. What additional disclosures are required when preparing a cash flow statement, if applicable?
2. Calculate a ratio that measures the company's ability to finance its CAPEX from operating cash flows. Based on your result, is any additional financing required? Explain.