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Please Help!!! Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. Prepare
Please Help!!!
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. 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 $4,300 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) \begin{tabular}{|l|l|l|} \hline & & \\ \hline Cash flows from investing activities & $ & \\ \hline Net cash used in investing activities & & \\ \hline Cash flows from financing activities & & \\ \hline Cash received from stock issuance & & \\ \hline Cash paid for dividends & & \\ \hline & & \\ \hline Cash balance at December 31,2019 & & 0 \\ \hline Cash balance at March 31,2020 & & \\ \hline \hline \end{tabular}Step by Step Solution
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