Katsis Limited had the following cash flows during the reporting period:

Purchase of intangibles $20 000

Proceeds from sale of plant $28 000

Receipts from customers $832 000

Payments to suppliers $593 000

Interest received $17 600

Income taxes paid $45 500

The net cash flows from operating activities was:

Select one:

a. $219 100.

b. $211 100.

c. $256 600.

d. $239 100.