When you write out the answer please make your handwriting clear and readable/or if type make sure i can read it. Thank you will give thumbs up if all is correct the past 2 people who answered got it completely wrong....

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data. $ 24,507 17,793 42,300 BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2020 Computer services revenue Net sales Total revenue Cost of goods sold $ 14,552 Depreciation expense-office equipment 330 Depreciation expense-Computer equipment 1,240 Wages expense 3, 150 Insurance expense 545 Rent expense Computer supplies expense Advertising expense 520 Mileage expense 300 Repairs expense-Computer 920 Total expenses Net income 1,675 1,285 24,517 $ 17,783 Dec. 31, 2019 $51,902 4,868 520 1,060 1,665 795 59,750 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2019, and March 31, 2020 Mar. 31, 2020 Assets Cash $ 71,197 Accounts receivable 23,667 Inventory 694 Computer supplies 2,025 Prepaid insurance Prepaid rent 795 Total current assets 99,438 420 Office equipment 7,100 Accumulated depreciation office equipment (660) Computer equipment 19,600 Accumulated depreciation-Computer equipment (2,480) Total assets $122,998 Liabilities and Equity Accounts payable $ 0 Wages payable 955 Unearned computer service revenue 0 Total current liabilities 955 Equity Common stock 101,000 Retained earnings 21,043 Total liabilities and equity $ 122,998 7,100 (330) 19,600 (1,240) $ 84,880 $ 1,190 530 2,400 4,120 73,000 7,760 $ 84,880 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 $28,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,500 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 242020 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 $28,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,500 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 Net income $ 17,783 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense-Computer equipment Increase in accounts receivable Increase in inventory 605 Increase in computer supplies Decrease in prepaid insurance Decrease in accounts payable Increase in wages payable Decrease in unearned computer service revenue 425 $ 18,813 Net cash provided by operating activities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities 0 $ 18,813 Cash balance at December 31, 2019 Cash balance at March 31, 2020 $ 18,813