Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. BUSINESS SOLUTIONS Incone 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 43,600 $ 25,207 18,393 $ 14,952 370 1,160 3,050 485 2,175 1,235 5401 310 890 25,167 $ 18,433 Assets Cash Accounts receivable": Inventory Computer supplies Prepaid insurance Prepaid rent BUSINESS SOLUTIONS Comparative Balance Sheets Total current assets Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer 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: March 31, December 31, 2022 2021 $ 76,477 23,967 604 $ 54,522 5,268 8 2,065 550 1,080 1,665 765 765 104,958) 62,770 7,800 7,800 (740) 19,800 (2,320) $ 129,498 (370) 19,800 (1,160) $ 88,840 50 $ 1,190 985 590 e 1,900 905 3,680 106,000 77,000 22,593 8,168 $ 129,498 $88,840 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 $29,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,000 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) 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 $29,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,000 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities BUSINESS SOLUTIONS Statement of Cash Flows (Indirect) For Quarter Ended March 31, 2022 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