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, 2018 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income $24,707 18,193 42,900 $14,752 310 1,240 2,350 455 2,075 1,205 500 310 870 24,067 $18,833 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2017, and March 31, 2018 Mar. 31, Dec. 31, 2018 2017 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 $ 85,377 $57,762 5,468 24,267 684 2,095 1,090 500 1,605 66,060 7,400 (310) 19,100 114,238 7,400 (620) 19,100 (2,480) (1,240) $137,638 $91,010 Liabilities and Equity Accounts payable Wages payable Unearned computer service revenue Total current liabilities Equity Common stock Retained earnings Total liabilities and equity 0 $ 1,170 580 1,600 3,350 945 945 80,000 7,660 5137,638 91,01e 115,000 21,693