The Net Income for Howie Doohan Corporation Was $280 Million

Multiple Choice

The net income for Howie Doohan Corporation was $280 million for the year ended December 31, 2018. Related information follows: Sale of common stock for cash, $34 million.
Amortization of trademark, $2 million.
Cash dividends paid, $28 million.
Decrease in salaries payable, $2 million.
Depreciation expense, $40 million.
Increase in accounts payable, $18 million.
Increase in bonds payable, $26 million.
Net cash flows from operating activities during 2018 should be reported as:

A) $302 million.
B) $338 million.
C) $342 million.
D) $364 million.