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 Net sales Total revenue Cost of goods sold Depreciation expense-office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income $ 24,707 18,093 42,800 $ 14,552 320 1,230 2,350 535 1,775 1,205 550 240 900 BUSINESS SOLUTIONS Comparative Balance Sheets 23,657 $ 19,143 March 31, December 31, 2022 2021 Assets Cash Accounts receivable Inventory $ 76,797 $ 51,042 24,067 4,868 614 0 Computer supplies. 2,025 560 Prepaid insurance 1,100 1,605 Prepaid rent Total current assets 735 105,338 735 58,810 < Prev 6 of 7 Next > BUSINESS SOLUTIONS Comparative Balance Sheets March 31, December 31, 2022 2021 Assets Cash Accounts receivable $ 76,797 $51,042 24,067 4,868 Inventory Computer supplies 614 0 2,025 560 Prepaid insurance Prepaid rent ces Total current assets. 1,100 1,605 735 735 105,338 58,810 Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment 7,500 7,500 (640) (320) 19,900 (2,460) 19,900 (1,230) Total assets Liabilities and Equity $ 129,638 $ 84,660 Accounts payable Wages payable Unearned computer service revenue Total current liabilities Equity Common stock Retained earnings $ 0 935 0 935 $ 1,130 570 1,900 3,600 Total liabilities and equity 106,000 22,703 $ 129,638 $ 84,660 73,000 8,060 6 5 points 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 $33,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,500 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, 2022 Print Cash flows from operating activities References 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 Book Print rences 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