Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 56

(This serial problem began in Chapter 1 and continues through most of the book. If previous chapter segments were not completed, the serial problem can begin at this point. It is helpful, but not necessary, to use the Working Papers that accompany the book.)
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, 2016. Recall that owner Santana Rey contributed $25,000 to the business in exchange for additional stock in the first quarter of 2016 and has received $4,800 in cash dividends.