Net income reported on the income statement for the current year was $350,000. Depreciation recorded on plant assets was $26,000. Accounts receivable and inventories increased by $3,000 and $5,000 respectively. Prepaid expenses and accounts payable decreased by $2,500 and $13,000 respectively. Using the indirect method, how much would be reported as net cash flow from operating activities on the statement of cash flows?

a.$357,500

b.$120,000

c.$234,000

d.$300,000