The net income reported on the income statement for the current year was $298,153. Depreciation recorded on fixed assets and amortization of patents for the year were $37,710 and $11,186, respectively. Balances of current asset and current liabitlity at the end and at the beginning of the year are as follow:

End Beginning

----------------------------------

Cash $68,542 $48,008

Accounts Receivable 124,380 107,832

Inventories 102,547 84,586

Prepaid Expenses 4,129 7,781

Accounts Payable 56,970 68,063

(merchandise creditors)

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

a $312,540

b. $289,299

c. $360,381

d. $305,099