The net income reported on the income statement for the current year was $273,523. Depreciation recorded on fixed assets and amortization of patents for the year were $35,759 and $10,145, 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	$46,153	$66,722
Accounts Receivable	129,813	105,703
Inventories	109,742	89,933
Prepaid Expenses	4,603	8,687
Accounts Payable (merchandise creditors)	51,092	64,463

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

a. $275,508

b. $341,183

c. $268,537

d. $266,221