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I need to have help completing this Statement of Cash Flow. Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows

I need to have help completing this Statement of Cash Flow.

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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 $25, 107 Net sales 17,793 Total revenue 42,900 Cost of goods sold $14, 352 Depreciation expense Office equipment 360 Depreciation expense-Computer equipment 1, 200 Wages expense 3, 250 Insurance expense 505 Rent expense 1,575 Computer supplies expense 1, 265 Advertising expense 540 Mileage expense 250 Repairs expense-Computer 910 Total expenses 24,207 Net income $18, 693BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2019, and March 31, 2020 Her. 31, 2020 Dec. 31, 2019 Assets Cash $ 70,?67 $52,122 Accounts receivable 23,667 5,563 Inventory 604 0 Computer supplies 2,105 500 Prepaid insurance 1,010 1,635 Prepaid rent T95 ?95 Total current assets 99,023 60,620 Office equipment 7,900 T,900 Accumulated depreciationOffice equipment (?20} {360} Computer equipment 19,200 19,200 Accumulated depreciationComputer equipment {2.400} {1:200} Total assets $123,003 $36,160 Liabilities and Equity Accounts payable S 0 $ 1,100 Wages payable 955 600 Unearned computer service revenue 0 2,400 Total current liabilities 955 4,100 Equity Common stock 100,000 T4,000 Retained earnings 22,053 0,060 Total liabilities and equity $123,003 $36,160 Req u ired: Prepare a statement of cash ows 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 rst quarter of 2020 and has received $4,700 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, 2020 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities 0 Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities 0 Cash balance at December 31, 2019 Cash balance at March 31, 2020 0

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