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				$	24,407
Net sales					18,493
Total revenue					42,900
Cost of goods sold	$	14,552
Depreciation expenseOffice equipment		300
Depreciation expenseComputer equipment		1,180
Wages expense		3,250
Insurance expense		505
Rent expense		2,175
Computer supplies expense		1,245
Advertising expense		580
Mileage expense		260
Repairs expenseComputer		860
Total expenses					24,907
Net income				$	17,993

SUCCESS SYSTEMS
Comparative Balance Sheets
December 31, 2013, and March 31, 2014
	2014				2013
Assets
Cash	$	76,897			$	58,422
Accounts receivable		24,367				4,868
Merchandise inventory		654				0
Computer supplies		2,045				540
Prepaid insurance		1,060				1,585
Prepaid rent		755				755
Office equipment		7,600				7,600
Accumulated depreciationOffice equipment		(600	)			(300	)
Computer equipment		19,200				19,200
Accumulated depreciationComputer equipment		(2,360	)			(1,180	)
Total assets	$	129,618			$	91,490
Liabilities and Equity
Accounts payable	$	0			$	1,160
Wages payable		965				570
Unearned computer service revenue		0				2,200
Common stock		107,000				80,000
Retained earnings		21,653				7,560
Total liabilities and equity	$	129,618			$	91,490

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 $27,000 to the business in exchange for additional stock in the first quarter of 2014 and has received $3,900 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)