Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2022 Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense-Computer Total expenses Net income Assets Cash Accounts receivable Inventory Computer supplies Prepaid insurance Prepaid rent Total current assets Office equipment Total assets Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Liabilities and Equity Accounts payable Wages payable Unearned computer service revenue Total current liabilities Equity Common stock $14,852 400 1,210 2,350 525 BUSINESS SOLUTIONS Comparative Balance Sheets 2,375 1,215 570 280 940 $ 24,707 18,493 43,200 24,717 $ 18,483 March 31, 2022 $ 69,407 24,567 624 2,035 1,050 815 98,498 7,600 (800) 20,000 (2,420) $122,878 $0 935 0 935 100.000 December 31, 2021 $ 52,242 5,568 0 570 1,595 815 60,790 7,600 (400) 20,000 (1,210) $ 86,780 $ 1,140 580 2,500 4,220 75.000

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data