1 p U Question 5 Jackson Co's net income reported on the income statement for the current year was $325,000 Depreciation recorded on property, plant and equipment assets and amortization of copyrights for the year were $50,000 and $10,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning $60,000 Cash $70,000 Accounts receivable 114,000 110,000 Inventories 115,000 103,000 5.500 7.500 Prepaid expenses 85,000 Accounts payable (merchandise creditors) 99,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? none of the above $357,000 S237,000 $385,000 S413,000