The net income reported on the income statement for the current year was $260,577. Depreciation recorded on fixed assets and amortization of patents for the year were $32,249 and $9,414, 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	$39,499	$56,413
Accounts Receivable	128,563	102,956
Inventories	113,725	85,079
Prepaid Expenses	4,502	6,425
Accounts Payable (merchandise creditors)	48,656	79,943

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

a.$228,174

b.$247,987

c.$332,411

d.$218,623