In 2017, Quintin Corp. reported net income of $255,000. Other transactions included:

Depreciation expense
45,000
Amortization of a bond premium
9,500
Income from an equity-method investment
36,000
Purchase of treasury shares
125,000
Paid a dividend on preferred stock
60,000

What is the amount of net cash flows from operations?

A) $345,500
B) $254,500
C) $220,500
D) $194,500

Answer: B