Calculator The net income reported on the income statement for the current year was $276,176. Depreciation recorded on foxed assets and amortization of patents for the year were $30,408, and $11,735, 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 $42,744 $62,103 Accounts receivable 106,117 126,710 Inventories 93,874 109,933 Prepaid expenses 8,842 Accounts payable (merchandise creditors) 77,455 47,765 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the Indirect method? Select the correct answer. $354,971 $296,746 $279,509 $380,075