Use the income statement and the list of changes to answer the question. Dansko Integrated Income...
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Use the income statement and the list of changes to answer the question. Dansko Integrated Income Statement January 1 to December 31, 2022 (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 Income Taxes Net Income 2,860 1,144 1,716 Between January 1 and December 31, 2022: 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? 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). Use the income statement and the list of changes to answer the question. Dansko Integrated Income Statement January 1 to December 31, 2022 (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 Income Taxes Net Income 2,860 1,144 1,716 Between January 1 and December 31, 2022: 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? 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).
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