The net income reported on the income statement for the current year was $255,000. Depreciation recorded on fixed assets and amortization of patents for the year were $30,000 and $4,000 respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash Accounts receivable Inventories Prepaid expenses Accounts payable (merchandise creditors) End Beginning $50,000 $60,000 112,000 108,000 93,000 6,500 5,000 89,000 105,000 ,500 What amount of cash flows from operating activities is reported on the statement of cash flows prepared by the indirect method? O a. $317,000 O b. $251,000 O c. $261.000 O d. $289,000