Question

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

Dansko Integrated Income Statement January 1 to December 31, 2018 (amounts in thousands)
Revenue	8,500
Cost of Goods Sold (COGS)	2,550
Gross Income	5,950
Sales, General, & Administrative Expenses (SG&A)	1,700
Depreciation Expense	800
Other Expenses	500
Earnings Before Interest & Taxes (EBIT)	2,950
Interest	90
Pre-Tax Income	2,860
Income Taxes	1,144
Net Income	1,716

Between January 1 and December 31, 2018:

1. Accounts Receivable decrease by $400,000
2. Accounts Payable increase by $900,000
3. Gross Property, Plant, & Equipment increase by $6,700,000
4. Long Term Debt decreases by $200,000

Assume no other changes

What is the Net Cash Flow?

Please specify your answer in the same units as the income statement.

Answer 1

Cash Flow Statement
Net Income	1,716,000
Depreciation expense	800,000
Accounts receivable decrease	400,000
Accounts payable increase	900,000
Property, plant and equipment increase	-6,700,000
Long term debt decrease	-200,000
Net Cash Flow	-$3,084,000

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