question 2.

The net income reported on the income statement for the current year was $285,158. Depreciation recorded on fixed assets and amortization of patents for the year were $42,447 and $10,503, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

	End	Beginning
Cash	$37,217	$59,468
Accounts receivable	123,650	108,163
Inventories	108,117	96,624
Prepaid expenses	2,230	6,173
Accounts payable (merchandise creditors)	47,123	65,731

What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

A.$311,128

B.$296,463

C.$364,653

D.$274,487