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

HORIZON TELECOM Income Statement For the Year Ended December 31, 2021
Revenues			$	610,000
Expenses:
Cost of goods sold	$	363,000
Operating expenses		117,000
Depreciation expense		27,000
Income tax expense		51,500
Total expenses				558,500
Net Income			$	51,500

HORIZON TELECOM Selected Balance Sheet Data December 31, 2021
Increase in accounts receivable	$ 5,800
Increase in inventory	12,500
Decrease in prepaid rent	9,800
Increase in operating expenses payable	6,200
Decrease in accounts payable	6,600
Increase in income tax payable	21,500

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:
Net cash flows from operating activities		$0