The net income reported on the income statement for the current year was $317,696. Depreciation recorded on fixed assets and amortization of patents for the year were $40,292 and $8,491, 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 $55,431 $45,273 Accounts Receivable 103,027 Inventories 125,331 104,959 2,309 52,516 Prepaid Expenses Accounts Payable (merchandise creditors) 94,246 6,109 72,543 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $317,235 b. $333,462 c. $401,897 d. $313,060 Cash dividends of $87,957 were declared during the year. Cash dividends payable were $9,461 at the beginning of the year and $15,255 at the end of the year. The amount of cash for the payment of dividends during the year is a. $112,673 b. $87,957 C. $97,418 d. $82,163