The net income reported on the income statement for the current year was $273,617. Depreciation recorded on fixed assets and amortization of patents for the year were $33,317, and $11,539, 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 Accounts receivable Inventories $40,526 $53,189 104,941 125,212 82,225 106,210 Prepaid expenses 8,586 3,459 Accounts payable (merchandise creditors) 79,412 52,415 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. $290,063 $362,729 $299,201 $384,599