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				$	25,107
Net sales					17,793
Total revenue					42,900
Cost of goods sold	$	14,152
Depreciation expenseOffice equipment		330
Depreciation expenseComputer equipment		1,240
Wages expense		2,450
Insurance expense		525
Rent expense		2,275
Computer supplies expense		1,235
Advertising expense		520
Mileage expense		270
Repairs expenseComputer		950
Total expenses					23,947
Net income				$	18,953

BUSINESS SOLUTIONS
Comparative Balance Sheets
December 31, 2019, and March 31, 2020
	Mar. 31, 2020						Dec. 31, 2019
Assets
Cash		$	71,257					$	51,752
Accounts receivable			24,067						4,868
Inventory			664						0
Computer supplies			2,025						510
Prepaid insurance			1,110						1,615
Prepaid rent			805						805
Total current assets			99,928						59,550
Office equipment			7,300						7,300
Accumulated depreciationOffice equipment			(660	)					(330	)
Computer equipment			19,300						19,300
Accumulated depreciationComputer equipment			(2,480	)					(1,240	)
Total assets		$	123,388					$	84,580
Liabilities and Equity
Accounts payable		$	0					$	1,160
Wages payable			975						560
Unearned computer service revenue			0						1,500
Total current liabilities			975						3,220
Equity
Common stock			99,000						73,000
Retained earnings			23,413						8,360
Total liabilities and equity		$	123,388					$	84,580

Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $26,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $3,900 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)

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
		$0
Cash flows from investing activities
Net cash used in investing activities
Cash flows from financing activities
		0
		$0
Cash balance at December 31, 2019
Cash balance at March 31, 2020		$0