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

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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, 2022 Computer services revenue Net sales Total revenue Cost of goods sold. Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense 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 $ 14,252. 320 1,250 2,450 515 Accumulated depreciation Office equipment Computer equipment Acumulated depreciation-Computer equipment 1,575 1,255 540 270 940 BUSINESS SOLUTIONS Comparative Balance Sheets $ 25,207 17,993 43,200 23,367 $ 19,833 March 31, December 31, 2022 2021 $ 73,637 23,867 704 2,075 1,030 785 102,098 7,900 (640) 19,300 (2.5001 $ 50,742 5,268 0 510 1,565 785 58,870 7,900 (320) 19,300 (1.2501
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 1,255 540 270 940 BUSINESS SOLUTIONS Comparative Balance Sheets Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Total asset Liabilities and Equity Accounts payable Mages payable Unearned computer service revenue Total current liabilities. Equity Common stock Retained earnings Total liabilities and equity 23,367 $19,833 March 31, December 31, 2022 2021 $73,637 23,067 704 2,075 1,030 785 102,098 7,900 (640) 19,300 (2,500) $126,158 $0 965 0 965 102,000 23,193 $126,158 $50,742 5,260 0 510 1,565 765 50,870 7,900 (320) 19,300 (1,250) $4,500 $1,150 590 2,000 3,740 73,000 7.760 $ 84,500 Required: Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2022. Owner Santana Rey contributed $29,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,400 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)
12-13) 180 Minutes Cash flows from operating activities BUSINESS SOLUTIONS Statement of Cash Flows (Indirect) For Quarter Ended March 31, 2022 Adjustments to reconcile net income to net cash provided by operating activities Income statement items 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 Saved + 111 Next S
-13) 180 Minutes i Changes in current assets and current liabilities Cash flows from investing activities Net cash used in investing activities Cash flows from financing activities Cash balance at December 31, 2021 Cash balance at March 31, 2022 Saved +