Portions of the Financial Statements for Horizon Telecom Are Provided

question 89

Essay

Portions of the financial statements for Horizon Telecom are provided below. Horizon Telecom
Selected Balance Sheet Data
December 31, 2012
$\begin{array}{lr}\text { Increase in accounts receivable } & \$ 6,000 \\\text { Increase in inventory } & 13,000 \\\text { Decrease in prepaid rent } & 9,000 \\\text { Increase in operating expenses payable } & 5,000 \\\text { Decrease in accounts payable } & 8,000 \\\text { Increase in income tax payable } & 20,000\end{array}$ Prepare the operating activities section of the statement of cash flows for Horizon Telecom using the indirect method.

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A medical condition resulting from low levels of vitamin D, leading to bone abnormalities such as soft bones or bone deformities.

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