The net income reported on the income statement for the current year was $286,896. Depreciation recorded on fixed assets and amortization of patents for the year were $44,308 and $9,120, 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	$36,574	$62,356
Accounts Receivable	127,146	108,223
Inventories	107,074	84,487
Prepaid Expenses	4,051	6,318
Accounts Payable (merchandise creditors)	47,994	68,309

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

a.$359,242

b.$280,766

c.$265,184

d.$298,814