A company had net income of $284,422. Depreciation expense was $29,236. During the year, accounts receivable and merchandise inventory increased by $16,445 and $35,441, respectively. Prepaid expenses and accounts payable decreased by $3,027 and $6,565, respectively. There was also a loss on the sale of equipment of $6,614. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method? Oa. $304,814 Ob. $264,848 Oc. $320,272 Od. $251,620 A company had net income of $284,422. Depreciation expense was $29,236. During the year, accounts receivable and merchandise inventory increased by $16,445 and $35,441, respectively. Prepaid expenses and accounts payable decreased by $3,027 and $6,565, respectively. There was also a loss on the sale of equipment of $6,614. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method? Oa. $304,814 Ob. $264,848 Oc. $320,272 Od. $251,620