Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her bu data. $ 24,907 18,093 43,000 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2022 Computer services revenue Net sales Total revenue Cost of goods sold $ 14,152 Depreciation expense-Office ipment 350 Depreciation expense-Computer equipment 1,220 Wages expense 2,850 Insurance expense 505 Rent expense 1,575 Computer supplies expense 1,305 Advertising expense 560 Mileage expense 300 930 Repairs expense-Computer Total expenses Net income 23,747 $ 19,253 BUSINESS SOLUTIONS Comparative Balance Sheets March 31, 2022 December 31, 2021 Assets Cash * 80,337 $57.122 BUSINESS SOLUTIONS Comparative Balance Sheets March 31, 2022 December 31, 2021 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 $ 80,237 24,067 694 2,055 1,090 795 108,938 7,700 (700) 19,300 (2,440) $ 132,798 $ 57,122 4,668 3 530 1,585 795 64,700 7,700 (350) 19,300 (1,220) $ 90,130 $0 885 $ 1,120 550 2,000 3,670 885 109,000 22,913 $ 132,798 79,000 7,460 $ 90,130 Required 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 $3.800 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) S Answer is not complete. BUSINESS SOLUTIONS Statement of Cash Flows (Indirect For Quarter Ended March 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expenselice equipment Depreciation expense-Computer equipment Changes in current assets and current liabilities Increase in accounts receivable Increase in inventory Increase in computer supplies Decrease in prepaid insurance 33 350 1.220 (18,999) 3 (674) (1.555) 63 565 O