Question: Please answer correct within proper format with all working clearly Required: Prepare a statement of cash flows for Business Solutions using the indirect method for

Please answer correct within proper format with all working clearly

Please answer correct within proper format with all working clearly Required: Preparea statement of cash flows for Business Solutions using the indirect method

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 $25,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4,800 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, 2022 Cash flows from operating activition Adjustments to reconcile net income to not 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 activites Cash balance at December 31, 2021 Cash balance at March 31, 2032Santana 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, 2032 Computer services revenue $ 25, 307 Net sales 18,693 Total revenue 44,090 Cost of goods sold $ 14, 052 Depreciation expense Office equipment 400 Depreciation expense-Computer equipment 1, 250 Wages expense 3,250 Insurance expense 555 Hant expense 2,475 Computer supplies expense 1,305 Advertising expense 600 Mileage expense 320 Repaire expense Computer 960 Total expenses 25,167 Net income $ 18, 833 DUD INESS SOLUTIONS Comparative Balance Sheets March 11, December 31, 2032 2021 Cash # 60,057 $ 40, 372 Accounts receivable 72, 067 5, 668 Inventory 704 Computer supplies 2,095 Prepaid Insurance 1,110 1,465 Prepaid rent 125 Total current assets 95,568 37, 110 office equipment 0.090 Accumulated depreciation office equipment (400] Computer equipment 20,090 20,000 Accumulated depreciation Computer equipment (2.500 (1,250) Total sasets $ 120,268 $ 83, 460 Liabilities and Equity Accounts payable $1, 100 Wages parable 875 500 Unearned computer service revenue 1, 500 Total current Hiabilities 175 1, 100 Equity Common stock 98,090 73,060 Retained earnings 21,393 7. 350 Total liabilities and equity $ 120,760 $ 13,460 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 $25,000 to the business in exchange for additional stock in the first quarter of 2022 and has received $4.800 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)

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