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:
Deductive Reasoning
A logical process in which a conclusion follows necessarily from the stated premises; if the premises are true, the conclusion must be true.
Inductive Reasoning
A method of reasoning in which general principles are inferred from specific observations, moving from specific instances to broader generalizations.
Set of Premises
A collection of statements or propositions that form the basis for a conclusion or logical argument.
Mathematics
The scientific study of numbers, quantities, shapes, and patterns, using symbolic logic and methodology to solve theoretical problems and practical applications.
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