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 $ 24,607 Net sales Total revenue 18,293 42,900 Cost of goods sold $ 14,652 Depreciation expense-Office equipment 310 Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense 1,180 2,750 515 1,575 1,215 510 230 Repairs expense-Computer Total expenses 950 Net income 23,887 $ 19,013 Assets Cash Accounts receivable BUSINESS SOLUTIONS Comparative Balance Sheets March 31, December 31, 2022 2021 $ 74,887 24,367 634 $ 56,392 5,368 0 Inventory Computer supplies Prepaid insurance Prepaid rent 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 2,095 540 1,090 1,615 805 103,878 805 64,720 7,700 7,700 (620) 19,500 (2,360) $ 128,098 $ 0 925 (310) 19,500 (1,180) $ 90,430 $ 1,110 560 1,900 3,570 0 925 105,000 22,173 $ 128,098 79,000 7,860 $ 90,430 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 $26,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,700 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