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		$ 25,307
Net sales		18,693
Total revenue		44,000
Cost of goods sold	$ 14,052
Depreciation expenseOffice equipment	400
Depreciation expenseComputer equipment	1,250
Wages expense	3,250
Insurance expense	555
Rent expense	2,475
Computer supplies expense	1,305
Advertising expense	600
Mileage expense	320
Repairs expenseComputer	960
Total expenses		25,167
Net income		$ 18,833

BUSINESS SOLUTIONS
Comparative Balance Sheets
	March 31, 2022	December 31, 2021
Assets
Cash	$ 68,057	$ 48,372
Accounts receivable	22,867	5,668
Inventory	704	0
Computer supplies	2,005	580
Prepaid Insurance	1,110	1,665
Prepaid rent	825	825
Total current assets	95,568	57,110
Office equipment	8,000	8,000
Accumulated depreciationOffice equipment	(800)	(400)
Computer equipment	20,000	20,000
Accumulated depreciationComputer equipment	(2,500)	(1,250)
Total assets	$ 120,268	$ 83,460
Liabilities and Equity
Accounts payable	$ 0	$ 1,100
Wages payable	875	500
Unearned computer service revenue	0	1,500
Total current liabilities	875	3,100
Equity
Common stock	98,000	73,000
Retained earnings	21,393	7,360
Total liabilities and equity	$ 120,268	$ 83,460

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 $25,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,800 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)