Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business. (Although the serial problem allowed for various ownership changes in earlier chapters, we will prepare the statement of cash flows using the following financial data.)

Required
Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2018. Recall that owner Santana Rey contributed $25,000 to the business in exchange for additional stock in the first quarter of 2018 and has received $4,800 in cash dividends.

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BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2018 Computer services revenue Net sales Total revenue Cost of goods sold $25,307 18,693 44.000 $14,052 Office equipment 1,250 3,250 Computer equipment. Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense 2.475 1,305 Total expenses Net income 25.167 $18,833 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 31, 2018 Dec. 31, 2017 Assets Cash esn- $ 68,057 $48.372 5,668 704 2,005 1,110 825 95,568 8,000 Inventory Computer supplies Prepaid insurance 1.665 825 57.110 8,000 Total current assets Accumulated depreciation-Office (400) 20,000 equipment 20,000 Accumulated depreciation- 1,250) $83.460 $120,268 Total assets Liabilities and Equity Wages payable... $1,100 500 875 Unearned computer service revenue.. 875 3,100 Equity 98,000 21,393 120,268 73,000 7,360 $83,460 IMİIEylesning,