The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $30,000 and $4,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are:

End Beginning

Cash 50,000 60,000

Accounts Receivables 102,000 108,000

Inventory 88,000 93,000

Prepaid Expenses 8,500 6,500

Accounts Payables (Merchandise Creditors) 95,000 89,000 br>What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

a. $357,000

b. $306,000

c. $324,000

d. $238,000

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