The net income reported on the income statement for the current year was $267,821. Depreciation recorded on fixed assets and amortization of patents for the year were $37,396 and $11,637, 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	$42,939	$51,812
Accounts receivable	$125,953	$103,859
Inventories	$109,726	$83,583
Prepaid expenses	$4,514	$6,525
Accounts payable (merchandise creditors)	$51,515	$74,243

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.

$247,900

$337,544

$243,055

$268,617