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Use the income statement and the list of changes to answer the question. Lightspeed Industries Income Statement January 1 to December 3 1 , 2

Use the income statement and the list of changes to answer the question.
Lightspeed Industries
Income Statement
January 1 to December 31,2023
(amounts in thousands)
Revenue 9,800
Cost of Goods Sold (COGS)1,960
Gross Income 7,840
Sales, General, & Administrative Expenses (SG&A)980
Depreciation Expense 800
Other Expenses 400
Earnings Before Interest & Taxes (EBIT)5,660
Interest 170
Pre-Tax Income 5,490
Income Taxes 2,196
Net Income 3,294
Between January 1 and December 31,2023:
1. Accounts Receivable increase by $500,000
2. Accounts Payable increase by $700,000
3. Gross Property, Plant, & Equipment increase by $9,400,000
4. Long Term Debt decreases by $400,000
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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