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To prepare the statement of cash flows accountants for Internet Guide, lnc have summarized 20X8 activity in the cash account as follows: 1.Prepare the statement of cash flows of Internet Guide, Inc. for the year ended December 31, 20X8, using the direct method for operating activities. 2.a. 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. b. He also is concerned that the last 3-years of the Statement of Cash Flows have shows 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. He is aware that you only have the last years statement of cash flows. Therefore, some of your answers may have to be general in nature