25. Cash dividends of $80,088 were declared during the year. Cash dividends payable were $11,204 and $16,001 at the beginning and end of the year, respectively. Determine the amount of cash for the payment of dividends during the year.

Select the correct answer.

a. $80,088

b.

$68,884

c. $96,089

d. $75,291

15. The net income reported on the income statement for the current year was $277,891. Depreciation recorded on fixed assets and amortization of patents for the year were $43,031 and $10,090, 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	$42,739	$69,432
Accounts receivable	$125,807	$106,001
Inventories	$102,723	$92,852
Prepaid expenses	$2,346	$6,328
Accounts payable (merchandise creditors)	$50,518	$79,683

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

Select the correct answer.

a.

$374,094

b.

$262,643

c. $301,335

d.

$276,152