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The net income reported on the income statement for the current year was $269,421. Depreciation...

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Accounting

The net income reported on the income statement for the current year was $269,421. Depreciation recorded on fixed assets and amortization of patents for the year were $37,682 and $10,041, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

End Beginning
Cash $48,137 $60,381
Accounts Receivable 122,732 100,543
Inventories 107,347 90,148
Prepaid Expenses 4,795 6,003
Accounts Payable (merchandise creditors) 46,592 65,626

What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

a.$277,756

b.$256,585

c.$259,930

d.$342,376

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