A company had net income of $281,967. Depreciation expense was $28,883. During the year, accounts receivable and merchandise inventory increased by $16,838 and $35,931, respectively. Prepaid expenses and accounts payable decreased by $3,941 and $6,248, respectively. There was also a loss on the sale of equipment of $5,897. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method? O a. $261,671 Ob. $299,961 Oc. $249,877 Od. $316,747