The net income reported on the income statement for the current year was $279,027. Depreciation recorded on fixed assets and amortization of patents for the year were $44,911 and $8,234, 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	$41,240	$62,792
Accounts Receivable	124,816	104,590
Inventories	114,541	85,381
Prepaid Expenses	2,561	7,470
Accounts Payable (merchandise creditors)	48,951	65,375

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

a. $258,578

b. $344,571

c. $271,271

d. $282,786