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

Computer services revenue $

Net sales

Total revenue

Cost of goods sold $

Depreciation expenseOffice equipment

Depreciation expenseComputer equipment

Wages expense

Insurance expense

Rent expense

Computer supplies expense

Advertising expense

Mileage expense

Repairs expenseComputer

Total expenses

Net income $

BUSINESS SOLUTIONS

Comparative Balance Sheets

March December

Assets

Cash $ $

Accounts receivable

Inventory

Computer supplies

Prepaid insurance

Prepaid rent

Total current assets

Office equipment

Accumulated depreciationOffice equipment

Computer equipment

Accumulated depreciationComputer equipment

Total assets $ $

Liabilities and Equity

Accounts payable $ $

Wages payable

Unearned computer service revenue

Total current liabilities

Equity

Common stock

Retained earnings

Total liabilities and equity $ $

Required:

Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March Owner Santana Rey contributed $ to the business in exchange for additional stock in the first quarter of and has received $ in cash dividends.