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  3. 23. the net income reported on the income statemen

23. The net income reported on the income statement for the current year was $277,175....

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Accounting

23. The net income reported on the income statement for the current year was $277,175. Depreciation recorded on fixed assets and amortization of patents for the year were $43,508 and $10,464, 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 $42,864 $62,638
Accounts receivable 120,187 109,988
Inventories 103,948 93,278
Prepaid expenses 2,527 8,976
Accounts payable (merchandise creditors) 49,815 79,805

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

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