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, 2020
Computer services revenue				$	24,907
Net sales					18,293
Total revenue					43,200
Cost of goods sold	$	14,652
Depreciation expenseOffice equipment		370
Depreciation expenseComputer equipment		1,160
Wages expense		3,150
Insurance expense		465
Rent expense		2,275
Computer supplies expense		1,245
Advertising expense		590
Mileage expense		300
Repairs expenseComputer		910
Total expenses					25,117
Net income				$	18,083

BUSINESS SOLUTIONS
Comparative Balance Sheets
December 31, 2019, and March 31, 2020
	Mar. 31, 2020						Dec. 31, 2019
Assets
Cash		$	83,467					$	55,672
Accounts receivable			23,967						5,268
Inventory			624						0
Computer supplies			2,075						570
Prepaid insurance			1,020						1,615
Prepaid rent			775						775
Total current assets			111,928						63,900
Office equipment			7,600						7,600
Accumulated depreciationOffice equipment			(740	)					(370	)
Computer equipment			19,700						19,700
Accumulated depreciationComputer equipment			(2,320	)					(1,160	)
Total assets		$	136,168					$	89,670
Liabilities and Equity
Accounts payable		$	0					$	1,110
Wages payable			925						600
Unearned computer service revenue			0						1,600
Total current liabilities			925						3,310
Equity
Common stock			114,000						79,000
Retained earnings			21,243						7,360
Total liabilities and equity		$	136,168					$	89,670

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
Cash flows from investing activities
Net cash used in investing activities
Cash flows from financing activities
Cash balance at December 31, 2019
Cash balance at March 31, 2020