The net income reported on the income statement for the current year was $255,824. Depreciation recorded on fixed assets and amortization of patents for the year were $35,279 and $11,060, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

EndBeginningCash$43,489$51,796Accounts Receivable123,778105,790Inventories108,16290,847Prepaid Expenses4,6607,538Accounts Payable (merchandise creditors)45,78369,622

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

a.$245,899

b.$266,860

c.$235,536

d.$329,553