CHAPTER 12 serial problem

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data.

BUSINESS SOLUTIONS
Income Statement
For Three Months Ended March 31, 2020
Computer services revenue				$	24,907
Net sales					18,493
Total revenue					43,400
Cost of goods sold	$	14,852
Depreciation expenseOffice equipment		340
Depreciation expenseComputer equipment		1,210
Wages expense		2,550
Insurance expense		475
Rent expense		2,375
Computer supplies expense		1,295
Advertising expense		600
Mileage expense		290
Repairs expenseComputer		920
Total expenses					24,907
Net income				$	18,493

BUSINESS SOLUTIONS
Comparative Balance Sheets
December 31, 2019, and March 31, 2020
	Mar. 31, 2020						Dec. 31, 2019
Assets
Cash		$	83,117					$	58,012
Accounts receivable			24,467						4,868
Inventory			684						0
Computer supplies			2,085						520
Prepaid insurance			1,080						1,655
Prepaid rent			795						795
Total current assets			112,228						65,850
Office equipment			7,900						7,900
Accumulated depreciationOffice equipment			(680	)					(340	)
Computer equipment			19,000						19,000
Accumulated depreciationComputer equipment			(2,420	)					(1,210	)
Total assets		$	136,028					$	91,200
Liabilities and Equity
Accounts payable		$	0					$	1,190
Wages payable			875						550
Unearned computer service revenue			0						1,900
Total current liabilities			875						3,640
Equity
Common stock			113,000						80,000
Retained earnings			22,153						7,560
Total liabilities and equity		$	136,028					$	91,200

Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $33,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $3,900 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)