Calculator The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patients for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the Year are as follows: Cash Accounts Receivable Inventories Prepaid Expenses Accounts Payable (merchandise creditors) End $50,000 112,000 105,000 4,500 75,000 Beginning $60,000 108,000 93,000 6,500 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the Indirect method? a. $352,000 b. $324,000 c. $198,000 d. $296,000