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, 2022
Computer services revenue		$ 25,107
Net sales		18,293
Total revenue		43,400
Cost of goods sold	$ 14,652
Depreciation expenseOffice equipment	400
Depreciation expenseComputer equipment	1,170
Wages expense	2,850
Insurance expense	545
Rent expense	2,175
Computer supplies expense	1,265
Advertising expense	590
Mileage expense	280
Repairs expenseComputer	960
Total expenses		24,887
Net income		$ 18,513

BUSINESS SOLUTIONS
Comparative Balance Sheets
	March 31, 2022	December 31, 2021
Assets
Cash	$ 78,627	$ 56,542
Accounts receivable	24,467	5,568
Inventory	704	0
Computer supplies	2,055	490
Prepaid insurance	1,100	1,605
Prepaid rent	785	785
Total current assets	107,738	64,990
Office equipment	7,800	7,800
Accumulated depreciationOffice equipment	(800)	(400)
Computer equipment	19,700	19,700
Accumulated depreciationComputer equipment	(2,340)	(1,170)
Total assets	$ 132,098	$ 90,920
Liabilities and Equity
Accounts payable	$ 0	$ 1,110
Wages payable	925	550
Unearned computer service revenue	0	2,000
Total current liabilities	925	3,660
Equity
Common stock	109,000	79,000
Retained earnings	22,173	8,260
Total liabilities and equity	$ 132,098	$ 90,920

Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2022. Owner Santana Rey contributed $30,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,600 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)

For Quarter Ended March 31, 2022 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current assets and current liabilities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities Cash balance at December 31, 2021 Cash balance at March 31, 2022