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Rortions of the financial statements for Horizon Telecom and provided below. Prepare the operating activities section of the staterment of casti flows for hiorizon felecom
Rortions of the financial statements for Horizon Telecom and provided below. Prepare the operating activities section of the staterment of casti flows for hiorizon felecom using the inclifict method (Amounts to be deducted and negative values should be indicated by minus sign.) Portions of the financial statements for Horizon Telecom are provided below. HORIZON TEIECOM Selected Balance Sheet Data December 31, 2021 Increase in accounts receivable $4,600 Increase in inventory 12,500 Decrease in prepaid rent 10,100 Increase in operating expenses payable 5,600 Decrease in accounts payable 7,800 Increase in income tax payable 20,100 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.)
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