The net income reported on the income statement for the current year was $270,656. Depreciation recorded on fixed assets and amortization of patents for the year were $44,284 and $8,008, 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 $39,923 $64,299

Accounts Receivable 121,667 101,453

Inventories 101,053 95,964

Prepaid Expenses 2,020 6,995

Accounts Payable (merchandise creditors) 53,476 79,898

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

a.$276,198 '

b.$187,630

c.$353,682

d.$369,698