Portions of the financial statements for Horizon Telecom are provided below. HORIZON TELECOM Income Statement For the Year Ended December 31, 2021 Revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net Income $616,000 $365,000 116,000 26,000 54,500 561,500 $ 54,500 HORIZON TELECOM Selected Balance Sheet Data December 31, 2021 Increase in accounts receivable $ 5,500 Increase in inventory 11,400 Decrease in prepaid rent 9,900 Increase in operating expenses payable 6,200 Decrease in accounts payable 6,800 Increase in income tax payable 20,100 act method. (Amounts to be Mc foram Prepare the operating activities section of the statement of cash flows for Horizon Telecom using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) HORIZON TELECOM Statement of Cash Flows For the year ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Not cash flows from operating activities