The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows.

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

a. $198,000

b. $324,000

c. $352,000

d. $296,000

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End $50,000 112,000 105,000 4,500 75,000 Beginning S60,000 108,000 93,000 6.500 89,000 Cash Account receivable Inventones repaid expenseS Accounts payable (merchandise creditors)