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

Hopewell Corporation

Income Statement

January 1 to December 31, 2019

(amounts in thousands)Revenue6,400Cost of Goods Sold (COGS)1,280Gross Income5,120Sales, General, & Administrative Expenses (SG&A)640Depreciation Expense1,100Other Expenses600Earnings Before Interest & Taxes (EBIT)2,780Interest80Pre-Tax Income2,700Income Taxes1,080Net Income1,620

Between January 1 and December 31, 2019:

1. Accounts Receivable decrease by $400,000

2. Accounts Payable decrease by $100,000

3. Gross Property, Plant, & Equipment increase by $7,800,000

4. Long Term Debt increases by $200,000

Assume no other changes

What is the Net Cash Flow?

Please specify your answer in the same units as the income statement.