The net income for Howie Doohan Corporation was $280 million for the year ended December 31, 2021. Related information follows: Sale of common stock for cash, $34 million. Amortization of trademark, $2 million. Cash dividends paid, $28 million. Decrease in salaries payable, $2 million. Depreciation expense, $40 million. Increase in accounts payable, $18 million. Increase in bonds payable, $26 million. Net cash flows from operating activities during 2021 should be reported as:

Multiple Choice

• $302 million.

• $338 million.

• $342 million.

• $364 million.