data $24, 607 18,693 43,300 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $14, 252 Depreciation expense-office equipment 320 Depreciation expense-Computer equipment 1,170 Wages expense 2,550 Insurance expense 545 Rent expense 1,975 Computer supplies expense 1,305 Advertising expense Mileage expense 260 Repairs expense-Computer 870 Total expenses Net income 580 23, 827 $19,473 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 $26,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,400 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities Cash balance at December 31, 2019 Cash balance at March 31, 2020