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PLEASE ANSWER IN BOLD NUMBERS AT THE END. READ INSTRUCTIONS CAREFULLY ! I HAVE BEEN GETTING MANY WRONG ANSWERS IN THE ACCOUNTING SUBJECT FROM THIS

PLEASE ANSWER

IN BOLD NUMBERS AT THE END. READ INSTRUCTIONS CAREFULLY !

I HAVE BEEN GETTING MANY WRONG ANSWERS IN THE ACCOUNTING SUBJECT FROM THIS WEBSITE!!!

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Use the income statement and the list of changes to answer the question. Hopewell Corporation Income Statement January 1 to December 31, 2018 (amounts in thousands) Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income 6,400 1,280 5,120 640 1,100 600 2,780 80 2,700 1,080 1,620 Income Taxes Net Income Between January 1 and December 31, 2018: 1. Accounts Receivable decrease by $400,000 2. Accounts Payable decrease by $100,000 3. Gross Property, plant, & Equipment increase by $7,800,000 4. Long Term Debt increases by $200,000 Assume no other changes What is the Net Cash Flow? Please specify your answer in the same units as the income statement

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