Portions of the financial statements for Horizon Telecom are provided below.

HORIZON TELECOM Income Statement For the year ended December 31, 2015
Revenues		$	615,000
Expenses:
Cost of goods sold	$ 369,000
Operating expenses	117,000
Depreciation expense	35,000
Income tax expense	47,000
Total expenses			568,000
Net Income		$	47,000

HORIZON TELECOM Selected Balance Sheet Data December 31, 2015
Increase in accounts receivable	$	5,600
Increase in inventory		11,600
Decrease in prepaid rent		10,900
Increase in operating expenses payable		6,600
Decrease in accounts payable		6,500
Increase in income tax payable		20,800

Required:

Prepare the operating activities section of the statement of cash flows for Horizon Telecom using the direct method. Hint: Prepaid rent account is adjusted with operating expense. (Amounts to be deducted should be indicated with a minus sign.)