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


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

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Torche Corporation

Income Statement

January 1 to December 31, 2018

(amounts in thousands) Revenue9,100 Cost of Goods Sold (COGS)2,730 Gross Income6,370 Sales, General, & Administrative Expenses (SG&A)910 Depreciation Expense500 Other Expenses600 Earnings Before Interest & Taxes (EBIT)4,360 Interest180 Pre-Tax Income4,180 Income Taxes1,672 Net Income2,508

Between January 1 and December 31, 2018:

1. Accounts Receivable increase by $800,000

2. Accounts Payable decrease by $400,000

3. Gross Property, Plant, & Equipment increase by $5,400,000

4. Long Term Debt increases by $100,000

Assume no other changes

What is the Net Cash Flow?

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