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

A. $259,223

B. $262,751

C. $276.402

D. $342,363

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The net income reported on the income statement for the current year was $265,511. Depreciation recorded on fixed assets and amortization of patents for the year were $36,191 and $8,321, 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 $37,093 $54,645 Accounts Receivable 121,781 101,289 Inventories 109,885 96,756 Prepaid Expenses 2,710 8,373 Accounts Payable (merchandise creditors) 52,963 72,277 The net income reported on the income statement for the current year was $265,511. Depreciation recorded on fixed assets and amortization of patents for the year were $36,191 and $8,321, 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 $37,093 $54,645 Accounts Receivable 121,781 101,289 Inventories 109,885 96,756 Prepaid Expenses 2,710 8,373 Accounts Payable (merchandise creditors) 52,963 72,277