Adria Lopez, owner of Success Systems, 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.) SUCCESS SYSTEMS Income Statement For Three Months Ended March 31, 2014 Computer services revenue $25,160 Net sales 18,693 Total revenue 43,853 Cost of goods sold$14,052 Depreciation expenseOffice equipment 400 Depreciation expenseComputer equipment 1,250 Wages expense 3,250 Insurance expense 555 Rent expense 2,475 Computer supplies expense 1,305 Advertising expense 600 Mileage expense 320 Repairs expenseComputer 960 Total expenses 25,167 Net Income $18,686 SUCCESS SYSTEMS Comparative Balance Sheets December 31, 2013, and March 31, 2014 2014 2013 Assets Cash$77,845 $58,160 Accounts receivable 22,720 5,668 Merchandise Inventory 704 0 Computer supplies 2,005 580 Prepaid Insurance 1,110 1,665 Prepaid rent 825 825 Office equipment 8,000 8,000 Accumulated depreciationOffice equipment (800) (400) Computer equipment 20,000 20,000 Accumulated depreciationComputer equipment (2,500) (1,250) Total assets $ 129,909 $ 93,248 Liabilities and Equity Accounts payable $ 0 $ 1,100 Wages payable 875 500 Unearned computer service revenue 0 1,500 Common stock 108,000 83,000 Retained earnings 21,034 7,148 Total liabilities and equity $ 129,909 $ 93,248 Required: Prepare a statement of cash flows for Success Systems using the indirect method for the three months ended March 31, 2014. Recall that the owner Adria Lopez contributed $25,000 to the business in exchange for additional stock in the first quarter of 2014 and has received $4,800 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)