A company reported net income of $201,800 during 2019. The company reported depreciation expense of $44,000, patent amortization of $14,500 and a $6,800 loss on the sale of equipment. Using the indirect method, how much is the company's net cash flow from operating activities?

a. $267,100.

b. $253,500.

c. $260,300.

d. $245,800.