Basu World's income statement reported total revenues of $940,000 and total expenses (including $40,500 depreciation) of $735,000. The balance sheet reported the following: Accounts Receivablebeginning balance, $57,000 and ending balance, $61,500; Accounts Payablebeginning balance, $24,500 and ending balance, $29,500. Therefore, based only on this information, the net cash flows from operating activities were:

a) $164,300

b) $246,000

c) $205,500 (INCORRECT)

d) $245,150