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				$	24,807
Net sales					18,093
Total revenue					42,900
Cost of goods sold	$	14,452
Depreciation expenseOffice equipment		400
Depreciation expenseComputer equipment		1,240
Wages expense		2,550
Insurance expense		515
Rent expense		1,575
Computer supplies expense		1,225
Advertising expense		540
Mileage expense		300
Repairs expenseComputer		880
Total expenses					23,677
Net income				$	19,223

SUCCESS SYSTEMS
Comparative Balance Sheets
December 31, 2013, and March 31, 2014
	2014				2013
Assets
Cash	$	83,857			$	59,952
Accounts receivable		24,367				5,668
Merchandise inventory		704				0
Computer supplies		2,055				500
Prepaid insurance		1,100				1,645
Prepaid rent		815				815
Office equipment		7,100				7,100
Accumulated depreciationOffice equipment		(800	)			(400	)
Computer equipment		19,000				19,000
Accumulated depreciationComputer equipment		(2,480	)			(1,240	)
Total assets	$	135,718			$	93,040
Liabilities and Equity
Accounts payable	$	0			$	1,140
Wages payable		935				540
Unearned computer service revenue		0				2,400
Common stock		112,000				81,000
Retained earnings		22,783				7,960
Total liabilities and equity	$	135,718			$	93,040

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 $31,000 to the business in exchange for additional stock in the first quarter of 2014 and has received $4,400 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)