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use the income statement and the list of ch anges to answer the question. Gulf...

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Accounting

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use the income statement and the list of ch anges to answer the question. Gulf Shipping Company Income Statement January 1 to December 31, 2017 (amounts in thousands) 9,000 3,600 5,400 900 1,000 400 3,100 120 2,980 1,192 1,788 Revenue Cost of Goods Sold (COGS) Gross Income Sales, General, & Administrative Expenses (SG&A) Depreciation Expense Other Expenses Earnings Before Interest & Taxes (EBIT) Interest Pre-lax Income Income Taxes Net Income Between January 1 and December 31, 2017: 1. Accounts Receivable decrease by $200,000 2. Accounts Payable increase by $500,000 3. Gross Property, Plant, & Equipment increase by $8,500,000 4. Long Term Debt increases by $900,000 Assume no other chan ges What is the Net Cash Flow

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