please help
ack... PQ HIPPA Q&A: Retaini. Served Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business us data. $24,907 18, 393 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, 352 Depreciation expense-Office equipment 350 Depreciation expense-Computer equipment 1, 230 Wages expense 2,650 Insurance expense 455 Rent expense 1,475 Computer supplies expense 1, 215 Advertising expense 510 Mileage expense 240 Repairs expense-Computer 900 Total expenses Net income 23, 377 $19, 923 ARCOULEAUNO Comparative Balance Sheets December 31, 2019 and March 31 292 31, 2020 Dec 31, 2013 Assets Cash $ 78.377 $57,572 Accounts receivable 23, 867 5. 168 Inventory 684 Computer supplies 2.815 540 Prepaid insurance 1.050 1.625 Prepaid rent 765 Total current assets 106, 758 65, 670 Office equiparent 7, 500 7.500 Accumulated depreciation Office equipment (700) (35e) Computer equipment 19.400 19,400 Accumulated depreciation-Computer equipment (2.460) (1,238) Total assets $130.498 $90.990 Liabilities and Equity Accounts payable $ 1. 190 Wages payable 540 Unearned computer service revenue 1, 700 Total current liabilities 3.430 Equity Con stock 106,000 80,000 Retained earnings 23.583 7,560 Tot ablities and equity $90.990 $130, 498 Required: Prepare a statement or cash flows for Business Solutions using the intec 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 $3.900 in cash dividends (Amounts to be deducted should be indicated with a minus sign.) BUSINESS SOLUTIONS Statement of Cash Flows Inditest) For Quarter Ended March 31 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 Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities cash balance at December 31, 2019 Cash balance al March 31, 2920 106, boe Lomon SLOCK Retained earnings Total liabilities and equity 23,583 $139, 498 80,000 7.560 $90,990 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 $26,000 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.) 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
