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Portions of the financial statements for Horizon Telecom are provided below. RIZON TELECOM Income Statement For the Year Ended December 31, 2018 $619,000 Revenues Expenses:

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Portions of the financial statements for Horizon Telecom are provided below. RIZON TELECOM Income Statement For the Year Ended December 31, 2018 $619,000 Revenues Expenses: $366,000 120,000 28,000 52,500 Cost of goods sold enses Depreciation expense Income tax expense Total expenses 566,500 Net Income 52,500 HORIZON TELECOM Selected Balance Sheet Data December 31, 2018 Increase in accounts receivable Increase in inventony Decrease in prepaid rent Increase in operating expenses payable Decrease in accounts payable Increase in income tax payable $ 4,600 12,100 9,700 6.400 6,000 21,400 Prepare the operating activities section of the statement of cash flows for Horizorn HORIZON TELECOM Statement of Cash Flows For the year ended December 31. 2018 Cash Flows from Operating Activities

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