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				$	25,107
Net sales					18,593
Total revenue					43,700
Cost of goods sold	$	14,452
Depreciation expenseOffice equipment		330
Depreciation expenseComputer equipment		1,210
Wages expense		2,650
Insurance expense		525
Rent expense		2,475
Computer supplies expense		1,205
Advertising expense		510
Mileage expense		300
Repairs expenseComputer		950
Total expenses					24,607
Net income				$	19,093

SUCCESS SYSTEMS
Comparative Balance Sheets
December 31, 2013, and March 31, 2014
	2014				2013
Assets
Cash	$	67,537			$	50,332
Accounts receivable		24,367				5,068
Merchandise inventory		624				0
Computer supplies		2,015				520
Prepaid insurance		1,020				1,605
Prepaid rent		795				795
Office equipment		7,900				7,900
Accumulated depreciationOffice equipment		(660	)			(330	)
Computer equipment		19,900				19,900
Accumulated depreciationComputer equipment		(2,420	)			(1,210	)
Total assets	$	121,078			$	84,580
Liabilities and Equity
Accounts payable	$	0			$	1,190
Wages payable		925				530
Unearned computer service revenue		0				2,400
Common stock		98,000				73,000
Retained earnings		22,153				7,460
Total liabilities and equity	$	121,078			$	84,580

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 $4,400 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)