I do not understand how to do this...
this is the full balance sheet provided
BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 3, Dec. 31, 2018 2017 Assets Cash Accounts receivable Inventory Computer supplies Prepaid insurance Prepaid rent Total current assets Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equlpment Total assets Liabilities and Equity Accounts payable Wages payable Unearned computer service revenue Total current liabilities Equity Common stock Retained earnings Total equity $ 80,537 $57,242 4,968 23,967 664 2,085 1,090 815 109,158 7,300 510 1,595 815 65,130 7,300 (660) 19,100 (2,460) (1,230) (330) 19,100 $132,438 $89,970 0 1,160 550 925 0 925 1,900 3,610 79,000 7,360 liabilities and $132,438 $89,970 110,000 21,513 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, 2018 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense- Office equipment Depreciation expense- Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-_ Computer Total expenses Net income $24,507 18,393 42,900 $14,752 330 1,230 2,950 505 1,775 1,295 520 270 920 24,547 $18,353 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 31, Dec. 31, 2018 2017 Assets Cash Accounts receivable Inventory Computer supplies $ 80,537 $57,242 4,968 23,967 664 2,085 510 BUSINESS SOLUTIONS Statement of Cash Flows (Indirect) For Quarter Ended March 31, 2018 Cash flows from operating activities Net income 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 0 Cash balance at December 31, 2017 Cash balance at March 31, 2018 0 Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2018. Owner Santana Rey contributed $31,000 to the business in exchange for additional stock in the first quarter of 2018 and has received $4,200 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) BUSINESS SOLUTIONS Statement of Cash Flows (Indirect) For Quarter Ended March 31, 2018 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash rovided by operating activities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities
