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, 2020 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 Assets Cash Accounts receivable Inventory Computer supplies Prepaid insurance Prepaid rent Total current assets $24,607 17,893 42,500 $14,952 370 1,220 2,950 495 2,075 1,275 500 290 930 25,057 $17,443 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2019, and March 31, 2020 office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Mar. 31, 2020 Dec. 31, 2019 $ 76,627 24,267 634 $56,452 5,268 2,005 1,100 0 510 1,565 745 745 105,378 64,540 7,500 7,500 (740) (370) 19,000 19,000 (2,440) (1,220)