The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $30,000 and $4,000, 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 $50,000 $60,000

Accounts receivable 102,000 108,000

Inventories 88,000 93,000

Prepaid expenses 8,500 6,500

Accounts payable (merchandise creditors) 95,000 89,000

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