Valley Technology

Income Statement

January $1$ to December $31,2023$

$($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 $31,2023$:

$1.$ 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?