Damon Company had the following account balances for 2022:

	Dec. 31			Jan. 1
Accounts receivable	$	44,500		$	34,000
Accounts payable		62,500			51,000
Prepaid insurance		19,000			12,000

Damon reported net income of $330,000 for 2022. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2022 reported in the statement of cash flows?

A) $324,000.

B) $311,500.

C) $338,000.

D) $301,000.