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 follows: Cash end $50,000 Beginning $60,000 Accounts receivable end 112000 beg 108,000 inventories end 105,000 beg 93,000 prepaid expenses 4,500 beg 6,500 accounts payable (merchandise creditors) end 75,000 beg 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?