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

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Accounting

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Use the income statement and the list of changes to answer the question. Valley Technology Income Statement January 1 to December 31, 2017 (amounts in thousands) 8,200 2,460 5,740 1,640 Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses 600 700 2,800 80 2,720 1,088 1,632 Earnings Before Interest & Taxes (EBIT) Interest Pre-Tax Income Income Taxes Net Income Between January 1 and December 31, 2017: 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

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