Santana Rey, owner of Business Solutions, decides to prepare a statement of

Santana Rey, owner of Business Solutions, 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 Business Solutions using the indirect method for the three months ended March 31, 2022. Recall that 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.

 

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