Transcribed image text: The net income reported on the income statement for the current year was $270,163. Depreciation recorded on fixed assets and amortization of patents for the year were $36,150 and $9,124, 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 $42,195 129,824 107,719 Accounts Receivable Inventories Prepaid Expenses Accounts Payable (merchandise creditors) $61,098 106,421 96,979 6,519 63,630 3,550 45,073 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $349,626 Ob. $267,238 c. $281,294 d. $265,706