The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $6.4 million, and...

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The 2014 balance sheet of Jordan’s Golf Shop, Inc., showedlong-term debt of $6.4 million, and the 2015 balance sheet showedlong-term debt of $6.65 million. The 2015 income statement showedan interest expense of $225,000. The 2014 balance sheet showed$630,000 in the common stock account and $4.9 million in theadditional paid-in surplus account. The 2015 balance sheet showed$670,000 and $5.4 million in the same two accounts, respectively.The company paid out $620,000 in cash dividends during 2015.Suppose you also know that the firm’s net capital spending for 2015was $1,490,000, and that the firm reduced its net working capitalinvestment by $93,000. What was the firm’s 2015 operating cashflow, or OCF? (Do not round intermediate calculations. Enter youranswer in dollars, not millions of dollars, e.g., 1,234,567.)Operating cash flow $

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Cash Flow to Creditors Cash Flow to Creditors Interest Expenses Paid Net Increase in Long term debt Interest Expenses Paid Long term debt at the end Long term Debt at the Beginning 225000 6650000 See Answer

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The 2014 balance sheet of Jordan’s Golf Shop, Inc., showedlong-term debt of $6.4 million, and the 2015 balance sheet showedlong-term debt of $6.65 million. The 2015 income statement showedan interest expense of $225,000. The 2014 balance sheet showed$630,000 in the common stock account and $4.9 million in theadditional paid-in surplus account. The 2015 balance sheet showed$670,000 and $5.4 million in the same two accounts, respectively.The company paid out $620,000 in cash dividends during 2015.Suppose you also know that the firm’s net capital spending for 2015was $1,490,000, and that the firm reduced its net working capitalinvestment by $93,000. What was the firm’s 2015 operating cashflow, or OCF? (Do not round intermediate calculations. Enter youranswer in dollars, not millions of dollars, e.g., 1,234,567.)Operating cash flow $