The net income reported on the income statement for the current year was $263,896. Depreciation recorded on fixed assets and amortization of patents for the year were $37,602 and $11,654, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash End Beginning $62,411 $44,279 122,392 108,438 Accounts Receivable Inventories 108,710 Prepaid Expenses 2,095 49,466 92,695 8,089 71,915 Accounts Payable (merchandise creditors) What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? X a. $283,183 b. $339,534 c. $245,380 d. $266,728