Hogan Company had the following account balances for 2021:

	Dec. 31			Jan. 1
Accounts receivable	$	41,500		$	36,000
Accounts payable		62,500			54,000
Prepaid insurance		20,000			11,000

Hogan reported net income of $320,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows?

Multiple Choice

$297,000.

$314,000.

$302,500.

$332,000.