The net income reported on the income statement for the current year was $250,000. 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: 
What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
Definitions:
Software Licensing Agreements
Legal contracts between the software creator and the user, outlining the rights and restrictions pertaining to the use of the software.
Database Contracts
Contracts that specifically deal with the creation, use, and maintenance of databases, including licensing and access rights.
Unilateral Mistake
In contract law, a mistake made by only one of the contracting parties. Unilateral mistake does not offer sufficient grounds for recession or renegotiation.
Rescind Contract
The process of legally voiding a contract, thereby returning all the parties involved to their original state as if the contract had never occurred.
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