Reference no: EM132183333

Question - The net income reported on the income statement for the current year was $250,321. Depreciation recorded on fixed assets and amortization of patents for the year were $43,849 and $10,123, 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 $59,178 $44,477

Accounts Receivable 124,733 106,472

Inventories 103,812 91,939

Prepaid Expenses 4,706 7,687

Accounts Payable (merchandise creditors) 46,321 70,164

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

a. $235,847

b. $253,297

c. $337,505

d. $274,159