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Lightspeed Industries had Net Income for 2022 of $7,800,000. The firm invested $4,000,000 in manufacturing equipment during 2022. The equipment is being depreciated over five
Lightspeed Industries had Net Income for 2022 of $7,800,000. 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?
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