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

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

Valley Technology Income Statement January 1 to December 31, 2019 (amounts in thousands)
Revenue 8,200
Cost of Goods Sold (COGS) 2,460
Gross Income 5,740
Sales, General, & Administrative Expenses (SG&A) 1,640
Depreciation Expense 600
Other Expenses 700
Earnings Before Interest & Taxes (EBIT) 2,800
Interest 80
Pre-Tax Income 2,720
Income Taxes 1,088
Net Income 1,632

Between January 1 and December 31, 2019:

1. Accounts Receivable increase by $100,000 2. Accounts Payable decrease by $800,000 3. Gross Property, Plant, & Equipment increase by $5,700,000 4. Long Term Debt decreases by $1,000,000

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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