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				$	25,207
Net sales					18,693
Total revenue					43,900
Cost of goods sold	$	14,252
Depreciation expenseOffice equipment		380
Depreciation expenseComputer equipment		1,160
Wages expense		2,950
Insurance expense		465
Rent expense		2,275
Computer supplies expense		1,275
Advertising expense		570
Mileage expense		240
Repairs expenseComputer		900
Total expenses					24,467
Net income				$	19,433

SUCCESS SYSTEMS
Comparative Balance Sheets
December 31, 2013, and March 31, 2014
	2014				2013
Assets
Cash	$	79,887			$	59,832
Accounts receivable		23,867				4,868
Merchandise inventory		624				0
Computer supplies		2,025				560
Prepaid insurance		1,100				1,635
Prepaid rent		725				725
Office equipment		7,700				7,700
Accumulated depreciationOffice equipment		(760	)			(380	)
Computer equipment		19,100				19,100
Accumulated depreciationComputer equipment		(2,320	)			(1,160	)
Total assets	$	131,948			$	92,880
Liabilities and Equity
Accounts payable	$	0			$	1,110
Wages payable		955				510
Unearned computer service revenue		0				1,500
Common stock		108,000				82,000
Retained earnings		22,993				7,760
Total liabilities and equity	$	131,948			$	92,880

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 $26,000 to the business in exchange for additional stock in the first quarter of 2014 and has received $4,200 in cash dividends