The net income reported on the income statement for the current year was $255,937. Depreciation recorded on fixed assets and amortization of patents for the year were $30,709, and $9,372, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

EndBeginningCash$40,855$60,219Accounts receivable102,424128,797Inventories88,632109,980Prepaid expenses8,7544,629Accounts payable (merchandise creditors)73,26550,846

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

a.$264,449

b.$269,206

c.$221,753

d.$343,739