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Serial Problem Business Solutions L.O. P1, P2, P3 Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business.

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Serial Problem Business Solutions L.O. P1, P2, P3 Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2012 24.707 Computer services revenue 17.993 Net sales 42700 Total revenue $14,752 Cost of goods sold Depreciation expense office equipment 320 Depreciation expense Computer 1,250 equipment 2,450 455 1,975 1,285 520 300 950 Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Repairs expense Computer 24,257 Total expenses Cash flows from financing activities (Click to select) (Click to select) Net cash [(Click to select) financing activities (Click to select) Cash balance at December 31, 2011 Cash balance at March 31, 2012

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