#18

The net income reported on the income statement for the current year was $290,817. Depreciation recorded on fixed assets and amortization of patents for the year were $38,182 and $11,978, 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 $46,930 Accounts Receivable $59,611 107,774 127,763 Inventories 108,380 86,401 Prepaid Expenses 3,611 8,541 Accounts Payable (merchandise creditors) 53,235 73,515 What is the amount of net cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? Oa. $374,339 O. $283,659 Oc. $398,295 Od. $207,295