Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data $24,907 18,493 43,400 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $14,852 Depreciation expense-Office equipment 390 Depreciation expense-Computer equipment 1,240 Wages expense 2,450 Insurance expense 495 Rent expense 2,075 Computer supplies expense 1,255 Advertising expense 560 Mileage expense 270 Repairs expense-Computer 940 Total expenses Net income 24,527 $18,873 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2019, and March 31, 2020 Mar. 31, 2020 Dec 31, 2019 Assets Cash $ 79,917 Accounts receivable $53,472 23,667 4,768 Inventory 634 @ Computer supplies 2.075 480 Prepaid insurance 1,070 745 745 Total current assets 51,00 8.000 Accumulated depreciation office equipent 8.000 Computer equipment (780) 19,500 Accumulated depreciation Computer equipment 12.400) (1,240) Total assets $132.340 586,950 Liabilities and Equity Accounts payable $ Wages payable $ 1,170 915 Unearned conter service revenue 520 Total current liabilities Equity Common stock 109.000 Retained in 75,000 22.033 1.01 Total lisbilities and equity $132,348 566,950 1,615 108, 101 (390) 19,500 Required: Prepare a statement of cash flows for Business Solutions using the Indirect method for the three months ended March 31, 2020