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SP 12 Serial Problem Business Solutions (Indirect) (Algo) LO P2, P3 Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows
SP 12 Serial Problem Business Solutions (Indirect) (Algo) LO P2, P3 Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended Morch 31,2022. Owner Santana Rey contributed $26,000 to the business in exchange for additional stock in the first quarter or 2022 and has recelved $4,500 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) BUSINESS SOLUTIONS Statement of Cash Flows (indirect) For Quartor Ended March 31, 2022 Cash flows from operating activities Adfustments to reconcile net income to net cash provided by operating activities Income statement lkems not affecting cash Changes in current assets and current liabilities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities \begin{tabular}{|l|l|l|} \hline Cash flows from investing activitios & & \\ \hline Not cash used in investing activitios & & \\ \hline Cash flows from financing activites & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash balance at December 31,2021 & & \\ \hline Cash balance at March 31,2022 & & \\ \hline \end{tabular}
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