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The net income reported on the income statement for the current year was $ 2 5 0 , 0 0 0 . Depreciation recorded on

The net income reported on the income statement for the current year was $250,000.Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:EndBeginningCash$ 50,000$ 60,000Accounts receivable112,000108,000Inventories105,00093,000Prepaid expenses4,5006,500Accounts payable (merchandise creditors)75,00089,000What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? $271,000 $279,000 $327,000$256,000

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