The net income reported on the income statement for the current year was $294,868. Depreciation recorded on fixed assets and amortization of patents for the year were $37,944, and $9,047, 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 $38,031 $62,692 Accounts receivable 103,554 123,579 Inventories 90,445 107,107 Prepaid expenses 8,842 3,805 Accounts payable (merchandise creditors) 73,729 55,472 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $304,725 Ob. $315,202 Oc. $378,546 d. $281,878