The net income reported on the income statement for the current year was $314,597. Depreciation recorded on fixed assets and amortization of patents for the year were $31,160, and $10,657, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash Accounts receivable Inventories Prepaid expenses Accounts payable (merchandise creditors) End Beginning $43,707 $66,328 109,911 129,762 87,406 100,806 6,425 76,078 4,877 57,765 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. X $324,911 < $330,102 $389,665 $406,430