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

PLease find attached cash flow problem.
Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2012 Computer services revenue $ 25,107 Net sales 18,093 Total revenue 43,200 Cost of goods sold $ 14,952 Depreciati on expense —Office equipment 360 Depreciati on expense —Computer equipment 1,160 Wages expense 3,250 Insurance expense 525 Rent expense 2,275 Computer supplies expense 1,245 Advertising expense 560 Mileage expense 310 Repairs expense— Computer 920 Total expenses 25,557 Net income $ 17,643 BUSINESS SOLUTIONS Comparative Balance Sheets December 31, 2011, and March 31, 2012 2012 2011 Assets
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Cash $ 78,657 $ 52,442 Accounts receivable 24,567 5,468 Merchan dise inventory 604 0 Compute r supplies 2,065 500 Prepaid insurance 1,020 1,635 Prepaid rent 815 815 Office equipment 7,900 7,900 Accumul ated depreciati on— Office equipment (720) (360) Compute r equipment 19,000 19,000 Accumul ated depreciati on— Computer equipment (2,320) (1,160) Total assets $ 131,588 $ 86,240 Liabilitie s and Equity Accounts payable $ 0 $ 1,150 Wages payable 885 530 Unearne d computer service revenue 0 1,800 Common stock 110,000 75,000 Retained earnings 20,703 7,760 Total liabilities and equity $ 131,588 $ 86,240
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Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her
business.
BUSINESS SOLUTIONS
Income Statement
For Three Months Ended March 31, 2012
Computer
services...

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