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 $ 24,707 Net sales 17,693 Total revenue 42,400 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 Assets Cash Accounts receivable Inventory Computer supplies Prepaid insurance Prepaid rent $ 14,252 330 1,240 2,850 555 1,875 1,295 550 310 880 24,137 $ 18,263 BUSINESS SOLUTIONS Comparative Balance Sheets. March 31, 2022 December 31, 2021 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 $ 78,257 23,767 674 2,015 $ 51,792 5,368 550 1,060 1,575 775 775 106,548 60,060 7,300 7,300 (660) (330) 19,300 (2,480) $ 130,008 19,300 (1,240) $ 85,090 $ 0 885 $ 1,170 560 0 885 107,000 22,123 $ 130,008 1,500 3,230 74,000 7,860 $ 85,090