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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 31, 2017 (amounts in
Use the income statement and the list of changes to answer the question. Lightspeed Industries Income Statement January 1 to December 31, 2017 (amounts in thousands) 9,800 1,960 7,840 980 800 400 5,660 170 5,490 2,196 3,294 Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Income Taxes Net Income Between January 1 and December 31, 2017: 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
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