Question: A company had net income of $ 2 6 5 , 3 7 0 and depreciation expense of $ 2 8 , 9 4 9

A company had net income of $265,370 and depreciation expense of $28,949. During the year, accounts receivable and inventory increased by $15,749 and $37,289, respectively. Prepaid expenses and accounts payable decreased by $1,434 and $6,421, respectively. There was also a loss on the sale of equipment of $7,325. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method?
a. $301,644
b. $228,969
c. $285,091
d. $243,619

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