A company had net income of $249,113 and depreciation expense of $20,147. During the year, accounts receivable and inventory increased by $15,895 and $35,437, respectively. Prepaid expenses and accounts payable decreased by $3,566 and $4,917, respectively. There was also a loss on the sale of equipment of $6,974. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method? a. $223,551 b. $209,603 c. $276,234 Od. $258,043

A company had net income of $249,113 and sepreclation expense of $20,147. Duing the year, accounts recelvable and inventary increased by $15,895 and $35,437. respectively. Prepaid expenses and accounts payable decreased by $3,566 and 54,917 , respectively. There was also a loss on the sale of equioment of $5,974. How much was the net cash Hows from operating activities on the statement of cash flows using the indirect method? 3. 52125,351 b. 5204+303 c. 5276,234 d. 5238,641