Stuart Company Income Statement

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

Stuart Company
Income Statement
January 1 to December 31, 2022
(amounts in thousands)Revenue8,800Cost of Goods Sold (COGS)2,640Gross Income6,160Sales, General, & Administrative Expenses (SG&A)880Depreciation Expense900Other Expenses500Earnings Before Interest & Taxes (EBIT)3,880Interest110Pre-Tax Income3,770Income Taxes1,508Net Income2,262

Between January 1 and December 31, 2022:

1. Accounts Receivable decrease by $300,000
2. Accounts Payable decrease by $900,000
3. Gross Property, Plant, & Equipment increase by $7,500,000
4. Long Term Debt decreases by $600,000

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.