Question

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

Siam Traders Income Statement January 1 to December 31, 2019 (amounts in thousands)
Revenue	7,800
Cost of Goods Sold (COGS)	1,560
Gross Income	6,240
Sales, General, & Administrative Expenses (SG&A)	780
Depreciation Expense	1,200
Other Expenses	300
Earnings Before Interest & Taxes (EBIT)	3,960
Interest	60
Pre-Tax Income	3,900
Income Taxes	1,560
Net Income	2,340

Between January 1 and December 31, 2019:

1. Accounts Receivable increase by $100,000
2. Accounts Payable increase by $600,000
3. Gross Property, Plant, & Equipment increase by $8,300,000
4. Long Term Debt decreases by $700,000

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).

Answer 1