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Use the income statement and the list of changes to answer the question. Ans Gulf Shipping Company Income Statement January 1 to December 31, 2018

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Use the income statement and the list of changes to answer the question. Ans Gulf Shipping Company Income Statement January 1 to December 31, 2018 (amounts in thousands) Save Revenue 9,000 3,600 5,400 900 1,000 400 3,100 120 2,980 1,192 1,788 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 Income Taxes Net Income Between January 1 and December 31, 2018: 1. Accounts Receivable decrease by $200,000 2. Accounts Payable increase by $500,000 3. Gross Property, Plant, & Equipment increase by $8,500,000 4. Long Term Debt increases by $900,000 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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