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

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?