Portions of Horizon Telecom's financial statements are provided below.

HORIZONTE TELECOMMUNICATIONS Statement of income For the year ended December 31, 2018
Income		$619,000
Bills:
cost of goods sold	$370,000
operating expenses	110,000
depreciation expense	26,000
Income from tax expenses	56,500
Total expenses		562,500
Net Income		$ 56,500

HORIZON TELECOMMUNICATIONS Selected balance sheet data December 31, 2018
Increase in accounts receivable	$ 5,100
Inventory increase	12,000
Prepaid Rent Decrease	10,800
Increased operating expenses payable	6,200
Decreased accounts payable	6,600
Increase in income tax payable	21,500

Prepare the operating activities section of Horizon Telecom's statement of cash flows using the indirect method. (The amounts to be deducted and the negative values must be indicated with the minus sign).