Portions of the financial statements for Horizon Telecom are provided below. HORIZON TELECOM Income Statement For the Year Ended December 31, 2021 Revenues Expenses: $611,000 Cost of goods sold $364,000 Operating expenses 115,000 Depreciation expense 25,000 Income tax expense 53,500 Total expenses 557,500 Net Income $ 53,500 HORIZON TELECOM Selected Balance Sheet Data December 31, 2021 Increase in accounts receivable. Increase in inventory Decrease in prepaid rent Decrease in accounts payable. Increase in operating expenses payable Increase in income tax payable $ 4,100 11,500 10,500 5,600 7,100 21,600 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;