The net income reported on the income statement for the current year was $265,303. Depreciation recorded on fixed assets and amortization of patents for the year were $33,986 and $9,530, 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	$37,137	$53,009
Accounts receivable	$120,937	$109,867
Inventories	$108,398	$94,913
Prepaid expenses	$2,630	$7,761
Accounts payable (merchandise creditors)	$47,374	$77,220

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

Select the correct answer.

$238,173

$259,549

$341,381

$284,264