Adria Lopez, owner of Success Systems, decides to prepare a statement of cash flows for her business. (Although the serial problem allowed for various ownership changes in earlier chapters, we will prepare the statement of cash flows using the following financial data.)

Required
Prepare a statement of cash flows for Success Systems using the indirect method for the three months ended March 31, 2014. Recall that the owner Adria Lopez contributed $ 25,000 to the business in exchange for additional stock in the first quarter of 2014 and has received $ 4,800 in cashdividends.

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SUCCESS SYSTEMS Comparative Balance Sheets December 31,2013,and March 31, 2014 2014 Assets Cash 77,845 $58,160 SUCCESS SYSTEMS Income Statement For Three Months Ended March 31,2014 Merchandise inventory······.. , , 704 2.005 Computer services revenue. Net sales . Total revenue. Cost of goods sold..$14.052 Depreciation expense- $25,60 Computer supplies 18.693 Prepaid insurance 43,853 Prepaid rent 580 0 1665 825 8,000 8.000 825 Office equipment. Accumulated depreciation-Office 400 (800) (400) Office equipment Depreciation expense- Computer equipment...20,000 Accumulated depreciation 20,000 Computer equipment... (2.500) (1250) 3.250 Wages expense Insurance expense Rent expense . …····.. . . 2475 Computer supplies expense1305 Advertising expense Mileage expense Total assets Liabilities and Equity Wages payable... . . .. $29,909 $93.248 875 600 320 960 500 0 500 Common stock..08,000 83,000 21,034 7148 $129.909 $93248 Unearned computer service revenue Repairs expense-Computer.. Total expenses 25,167 Retained earnings2 $18686 Total liabilities and equity