33) The net income reported on the income statement for the current year was $100,000. Depreciation recorded on plant assets and amortization of patents for the year was $60,000 and $20,000 respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are listed below.

Beginning Ending

Cash $80,000 $70,000

Accounts receivables.....100,000 120,000

Inventories. 175,000 150,000

Prepaid expenses... 3,000 3,500

Accounts payable . 75,000 80,000

Using the indirect method, what is the amount of cash flows from operating activities reported on the statement of cash flows?

a) $70,000

b) $109,500

c) $170,500

d) $189,500