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

$18,493$

Total revenue

$43,600$

Cost of goods sold

$ $14,352$

Depreciation expense$$Office equipment

$390$

Depreciation expense$$Computer equipment

$1,210$

Wages expense

$2,550$

Insurance expense

$535$

Rent expense

$2,075$

Computer supplies expense

$1,215$

Advertising expense

$550$

Mileage expense

$270$

Repairs expense$$Computer

$940$

Total expenses

$24,087$

Net income

$ $19,513$

BUSINESS SOLUTIONS

Comparative Balance Sheets

March $31,2022$

December $31,2021$

Assets

Cash

$ $84,787$

$ $57,872$

Accounts receivable

$24,267$

$5,068$

Inventory

$614$

$0$

Computer supplies

$2,055$

$540$

Prepaid insurance

$1,070$

$1,605$

Prepaid rent

$815$

$815$

Total current assets

$113,608$

$65,900$

Office equipment

$7,400$

$7,400$

Accumulated depreciation$$Office equipment

$(780)$

$(390)$

Computer equipment

$19,100$

$19,100$

Accumulated depreciation$$Computer equipment

$(2,420)$

$(1,210)$

Total assets

$ $136,908$

$ $90,800$

Liabilities and Equity

Accounts payable

$ $0$

$ $1,130$

Wages payable

$935$

$510$

Unearned computer service revenue

$0$

$1,900$

Total current liabilities

$935$

$3,540$

Equity

Common stock

$112,000$

$79,000$

Retained earnings

$23,973$

$8,260$

Total liabilities and equity

$ $136,908$

$ $90,800$

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 $$33,000$ to the business in exchange for additional stock in the first quarter of $2022$ and has received $$3,800$ in cash dividends. $($Amounts to be deducted should be indicated with a minus sign.$)$