The net income reported on the income statement for the current year was $301,944. Depreciation recorded on fixed assets and amortization of patents for the year were $44,882 and $11,504, 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 $36,013 124,231 $53,867 105,273 Accounts Receivable Inventories 114,410 93,833 2,618 6,548 Prepaid Expenses Accounts Payable (merchandise creditors) 53,051 63,311 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? The net income reported on the income statement for the current year was $301,944. Depreciation recorded on fixed assets and amortization of patents for the year were $44,882 and $11,504, 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 $36,013 124,231 $53,867 105,273 Accounts Receivable Inventories 114,410 93,833 2,618 6,548 Prepaid Expenses Accounts Payable (merchandise creditors) 53,051 63,311 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method