SP 17

Use the following selected data from Business Solution's income statement for the three months ended March 31, 2020, and from its March 31, 2020, balance sheet to complete the requirements.

Computer services revenue....... $25,307 Net income.............. $18,833 Current liabilities............ $875

Net sales (of goods)................... $18,693 Quick assets........... $90,924 Total liabilities................ $875

Total sales and revenue............. $44,000 Current assets........ $95,568 Total equity................... $119,393

Cost of goods sold..................... $14,052 Total assets............. $120,268

A B C D E F G H K Company Name Statement of Cash Flows For Year Ended December, 31, 201_ 5 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash 10 11 12 13 14 Changes in current assets and current liabilities 15 18 17 18 19 20 21 22 Net Cash provided by operating activities 23 24 Cash flows from investing activities 25 23 27 23 Net cash from investing activities 29 30 Cash flows from financing activities 31 32 33 Net cash used in financing activities 34 35 Net increase in cash $0 37 Cash balance at December 31, 201_ 38 Cash balance at December 31, 201_ $0