The net income reported on the income statement for the current year was $300,325. Depreciation recorded on fixed assets and amortization of patents for the year were $41,406 and $9,008, 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 $45,314 $67,230 Accounts receivable $129,360 $103,762 Inventories $103,116 $86,685 Prepaid expenses $3,541 $7,789 Accounts payable (merchandise creditors) $53,066 $71,143

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

Select the correct answer.

$295,663

$308,710

$382,231

$294,881