The net income reported on the income statement for the current
year was $275,000. Depreciation recorded on fixed assets and
amortization of patents for the year were $40,000 and $9,000,
respectively. Balances of current asset and current liability
accounts at the end and at the beginning of the year are as
What is the amount of cash flows from operating activities reported
on the statement of cash flows prepared by the indirect method?