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Use the income statement and the list of changes to answer the question. Stuart Company Income Statement January 1 to December 31, 2019 (amounts in

Use the income statement and the list of changes to answer the question.

Stuart Company Income Statement January 1 to December 31, 2019 (amounts in thousands)
Revenue 8,800
Cost of Goods Sold (COGS) 2,640
Gross Income 6,160
Sales, General, & Administrative Expenses (SG&A) 880
Depreciation Expense 900
Other Expenses 500
Earnings Before Interest & Taxes (EBIT) 3,880
Interest 110
Pre-Tax Income 3,770
Income Taxes 1,508
Net Income 2,262

Between January 1 and December 31, 2019:

1. Accounts Receivable decrease by $300,000 2. Accounts Payable decrease by $900,000 3. Gross Property, Plant, & Equipment increase by $7,500,000 4. Long Term Debt decreases by $600,000

Assume no other changes

What is the Net Cash Flow?

Note: Account change amounts are provided in dollars but the financial statement units are thousands of dollars.

Please specify your answer in the same units as the financial statements (i.e., enter the number from your completed statement of cash flows).

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