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		$ 25,107
Net sales		18,093
Total revenue		43,200
Cost of goods sold	$ 14,552
Depreciation expenseOffice equipment	340
Depreciation expenseComputer equipment	1,170
Wages expense	2,550
Insurance expense	485
Rent expense	1,975
Computer supplies expense	1,235
Advertising expense	550
Mileage expense	280
Repairs expenseComputer	930
Total expenses		24,067
Net income		$ 19,133

BUSINESS SOLUTIONS
Comparative Balance Sheets
	March 31, 2022	December 31, 2021
Assets
Cash	$ 76,277	$ 53,262
Accounts receivable	24,567	5,568
Inventory	624	0
Computer supplies	2,085	560
Prepaid insurance	1,010	1,645
Prepaid rent	815	815
Total current assets	105,378	61,850
Office equipment	7,300	7,300
Accumulated depreciationOffice equipment	(680)	(340)
Computer equipment	19,600	19,600
Accumulated depreciationComputer equipment	(2,340)	(1,170)
Total assets	$ 129,258	$ 87,240
Liabilities and Equity
Accounts payable	$ 0	$ 1,170
Wages payable	965	510
Unearned computer service revenue	0	2,100
Total current liabilities	965	3,780
Equity
Common stock	106,000	76,000
Retained earnings	22,293	7,460
Total liabilities and equity	$ 129,258	$ 87,240

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 $30,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,300 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, 2022 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current assets and current liabilities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities Cash balance at December 31, 2021 Cash balance at March 31, 2022