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Gulf Shipping Company had Net Income for 2022 of $5,600,000. The firm invested $4,000,000 in manufacturing equipment during 2022. The equipment is being depreciated over
Gulf Shipping Company had Net Income for 2022 of $5,600,000. The firm invested $4,000,000 in manufacturing equipment during 2022. The equipment is being depreciated over five years using straight-line depreciation, starting in 2022. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2022 with amounts in thousands. What is the Net Cash Flow in 2022? Note: Financial results are provided in dollars but the income statement units
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