Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $25.107 18,393 43.500 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 Insur ante expense Rent expense Computer supplies expense Advertising expense Mileage expense Repair expense-computer Total expenses Neincone $14.652 300 1,220 2.950 465 1.975 1.275 24.657 $18.643 BUSINESS SOLUTIONS Cueparetive Balance Sheets December 312019, and March 31, 2023 Mar 31, 1920 Dec 31, 2019 Assets $19.417 $58,372 268 BLO 169, 078 7. 40e 1922 19.500 Accounts receivable Invertory Computer supplies Prepaid insurance Prepaid rent Total current sets Office equipment Accumulated depreciation office equipment Computer equipment Accumulated depreciation-Computer uguipment Tole assets Liabilities and Equity Accounts payable es payable Unearted Korputer service revenue Tot arrest 112butin Equity Contact and tastings Total Tables and south 519 1,615 765 60.238 7,480 (368) 19.688 1.228) $91,608 $132,918 S D 1915 8 915 $ 1.148 SS 2.480 4.8901 119, 880 22,033 $123 80.000 7,1 $91.630 Required. Prepare a statement of cash flows for Business Solutions using the Indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $30,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4.400 In cash dividends. (Amounts to be deducted should be indicated with a minus sign) BUSINESS SOLUTIONS Statement of Cash Flows (Indirect) For Quarter Ended March 31, 2020 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities S Cash flows from investing activities Net cash used in investing activities Cash flows from financing activtes 0 S Cash balance at December 31, 2019 Cash balance at March 31, 2020