Torche Corporation had Net Income for 2019 of $9,400,000. The firm invested $2,000,000 in manufacturing...
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Torche Corporation had Net Income for 2019 of $9,400,000.
The firm invested $2,000,000 in manufacturing equipment during 2018 but made no additional capital investments in 2019. The equipment is being depreciated over five years using straight-line depreciation, starting in 2018.
Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2019 with amounts in thousands.
What is the Net Cash Flow in 2019?
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