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

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Accounting

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Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business 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, 2020. Owner Santana Rey contributed $32,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $3,900 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ BUSINESS SOLUTIONS } \\ \hline For Quarter Ended March 31, 2020 \\ \hline Cash flows from operating activities & & \\ \hline Adjustments to reconcile net income to net cash provided by operating activities \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from financing activities & & \\ \hline & & \\ \hline \end{tabular}

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