The net income reported on the income statement for the current year was $283,036. Depreciation recorded on fixed assets and amortization of patents for the year were $39,989 and $11,256, 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 $64,058 $47,485

Accounts Receivable 123,100 102,326

Inventories. 101,906. 86,191

Prepaid Expenses 3,520 8,771

Accounts Payable (merchandise creditors) 48,588. 70,788

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

a.$297,792

b.$280,843

c.$271,146

d.$366,791