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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

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)
Revenue 9,100
Cost of Goods Sold (COGS) 3,640
Gross Income 5,460
Sales, General, & Administrative Expenses (SG&A) 1,820
Depreciation Expense 900
Other Expenses 500
Earnings Before Interest & Taxes (EBIT) 2,240
Interest 200
Pre-Tax Income 2,040
Income Taxes 714
Net Income 1,326

Between January 1 and December 31, 2019:

1. Accounts Receivable decrease by $500,000 2. Accounts Payable increase by $200,000 3. Gross Property, Plant, & Equipment increase by $700,000 4. Long Term Debt increases by $300,000

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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