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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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