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

Use the income statement and the list of changes to answer the question. Siam Traders Income Statement January 1 to December 31, 2017 (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, 2017: 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? Please specify your answer in the same units as the income statement.

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Answer #1
Cash Flow Statement
Operating Activities
Net income $2,340
Adjustments
Depreciation $1,200
increase in accounts receivables -$1,00,000
increase in accounts payables $6,00,000 $5,01,200
Net Cash flow from Operating activity $5,03,540
Investing Activities
PPE purchased -$83,01,200
Net Cash flow from investing activity -$83,01,200
Financing Activities
Decrease in Long term debt -$7,00,000
Net Cash flow from Financing activity -$7,00,000
net cash flow -$84,97,660

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