Cash Flow From Operations. Precision Instruments, Inc., a Glasglow, Scotland firm, reported net income of \(£ 216,000\) for the fiscal year ended September 30, 1999 . Included on the income statement were deductions for depreciation expense of \(£ 41,500\) and amortization of patents of \(£ 5,600\). Accounts receivable and accounts payable both decreased by \(£ 12,000\). Inventories increased by \(£ 18,500\), while prepaids dropped by \(£ 2,500\). Dividends payable increased by \(£ 2,000\).

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How much cash was generated from operating activities?