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

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

BUSINESS SOLUTIONS

Comparative Balance Sheets

Assets

Cash

Accounts receivable

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

$$14,352$

$$25,207$

$17,893$

$43,100$

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 $$29,000$ to the business in $($C$)$ ange for additional stock in the first quarter of $2022$ and has received

Required: Prepare a statement of cash flows for Business Solutions using the indirec Owner Santana Rey contributed $$29,000$ to the business in e $C$ ange for $$4,400$ in cash dividends. Note: Amounts to be deducted should be indicated with a minus sign.

$$4,400$ in cash dividends. Note: Amounts to be deducted should be indicated with a minus sign.