Please complete SP 12. Prepare a statement of cash flows using the indirect method for the three monthe ended March 31,2018. The required instructions are are underneath the income and balance sheets. thank you.

Chapter 12 Reporting Cash Flows 582 (This serial problem began in Chapter I and continues through most of the book. If previous chapter seg. begin at this point.) SERIAL PROBLEM Business Solutions (Indirect) P1 P2 P3 can ments were not completed, the serial problem SP 12 Santana Rey, owner of Business Solutions, 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.) BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 31, 2018 Dec. 31, 2017 Assets 68,057 $48,372 Cash 5,668 Accounts recavas 22,867 C Alexander Image/Shutterstock RF 704 inventory 580 Computer supplies 2,005 BUSINESS SOLUTIONS 1,665 Prepaid insurance 1,110 Income Statement 825 Prepaid rent 825 For Three Months Ended March 31, 2018 57,110 Total current assets 95,568 Computer services revenue.. 8.000 $25,307 8,000 Office equipment .. Net sales 18,693 Accumulated depreciation-Office equipment... Computer equipment... (400 Total revenue (800) 44,000 20,000 Cost of goods sold Depreciation expense- Office equipment $14,052 20,000 Accumulated depreciation- Computer equipment. (1.250 $83.460 (2,500) 400 Depreciation expense- Computer equipment Total assets..... $120,268 1,250 Liabilities and Equity Wages expense Insurance expense 3,250 $ 1,100 C Accounts payable. 555 500 875 Wages payable..... Rent expense 2,475 1500 0 Unearned computer service revenue Computer supplies expense 1,305 3100 875 Total current liabilities Advertising expense.. Mileage expense Repairs expense-Computer 600 320 Equity 73,000 98,000 960 Common stock... 7.360 $83460 Total expenses 21,393 $120.268 25,167 Retained earnings Net income $18,833 Total liabilities and equity. . Required ended March 31, 2018. Recall that owner Santana Rey contributed $25,000 to the business in exchange additional stock in the first quarter of 2018 and has received $4,800 in cash dividends.. Prepare a statement of cash flows for Business Solutions using the indirect method for the three mo Check Cash fows used by operations $(515) GENERAL The following General Ledger assignments highlight the impact, or lack thereof, on the state journal entries reflecting changes in consecutive trial balances. Then prepare the statement of cash ntrigr Finally, prepare the reconciliation to the indirect method r LEDGER cash flows from summary journal entries derived from consecutive trial balances. Prepare summay PROBLEM flown (dli