Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business. (Although the serial problem allowed for various ownership changes in earlier chapters, we will prepare the statement of cash flows using the following financial data.)

BUSINESS SOLUTIONS
Income Statement
For Three Months Ended March 31, 2016
Computer services revenue				$	24,407
Net sales					17,993
Total revenue					42,400
Cost of goods sold	$	14,052
Depreciation expenseOffice equipment		350
Depreciation expenseComputer equipment		1,180
Wages expense		3,150
Insurance expense		555
Rent expense		1,875
Computer supplies expense		1,295
Advertising expense		560
Mileage expense		280
Repairs expenseComputer		880
Total expenses					24,177
Net income				$	18,223

BUSINESS SOLUTIONS
Comparative Balance Sheets
December 31, 2015, and March 31, 2016
	Mar. 31, 2016				Dec. 31, 2015
Assets
Cash	$	69,407			$	51,762
Accounts receivable		24,567				5,168
Inventory		664				0
Computer supplies		2,095				510
Prepaid insurance		1,070				1,665
Prepaid rent		805				805
Total current assets		98,608				59,910
Office equipment		8,000				8,000
Accumulated depreciationOffice equipment		(700	)			(350	)
Computer equipment		19,500				19,500
Accumulated depreciationComputer equipment		(2,360	)			(1,180	)
Total assets	$	123,048			$	85,880
Liabilities and Equity
Accounts payable	$	0			$	1,110
Wages payable		965				510
Unearned computer service revenue		0				2,500
Total current liabilities		965				4,120
Equity
Common stock		100,000				74,000
Retained earnings		22,083				7,760
Total liabilities and equity	$	123,048			$	85,880

Required:

Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2016. Recall that the owner Santana Rey contributed $26,000 to the business in exchange for additional stock in the first quarter of 2016 and has received $3,900 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)