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, 2018
Computer services revenue				$	24,507
Net sales					18,093
Total revenue					42,600
Cost of goods sold	$	14,452
Depreciation expenseOffice equipment		320
Depreciation expenseComputer equipment		1,240
Wages expense		2,550
Insurance expense		465
Rent expense		1,775
Computer supplies expense		1,225
Advertising expense		560
Mileage expense		240
Repairs expenseComputer		890
Total expenses					23,717
Net income				$	18,883

BUSINESS SOLUTIONS
Comparative Balance Sheets
December 31, 2017, and March 31, 2018
	Mar. 31, 2018				Dec. 31, 2017
Assets
Cash	$	73,307			$	51,352
Accounts receivable		24,167				5,068
Inventory		634				0
Computer supplies		2,015				560
Prepaid insurance		1,030				1,575
Prepaid rent		815				815
Total current assets		101,968				59,370
Office equipment		7,300				7,300
Accumulated depreciationOffice equipment		(640	)			(320	)
Computer equipment		19,800				19,800
Accumulated depreciationComputer equipment		(2,480	)			(1,240	)
Total assets	$	125,948			$	84,910
Liabilities and Equity
Accounts payable	$	0			$	1,160
Wages payable		905				590
Unearned computer service revenue		0				2,300
Total current liabilities		905				4,050
Equity
Common stock		103,000				73,000
Retained earnings		22,043				7,860
Total liabilities and equity	$	125,948			$	84,910

Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2018. Owner Santana Rey contributed $30,000 to the business in exchange for additional stock in the first quarter of 2018 and has received $4,700 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, 2018 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities $ 0 Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities 0 $ 0 Cash balance at December 31, 2017 $ 10 Cash balance at March 31, 2018