Answer:
The amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method is $268,702
Explanation:
The Net Income for the year is adjusted for <em>non-cash items</em>, <em>items appearing elsewhere</em> and <em>items in movement of working capital</em> to arrive at the net cash flow from operating activities using the indirect method.
Cash flows, from operating activities
Net income $250,771
<em>adjusted for non-cash items</em>
Depreciation $35,093
Amortization $10,838
<em>adjusted for items in movement of working capital</em>
Increase in Accounts receivable ($4,000)
Increase in Inventories ($12,000)
Decrease in Prepaid expenses $2,000
Decrease in Accounts payable (14,000)
Net Cash flows, from operating activities $268,702
