The 2018 balance sheet of Speith's Golf Shop Inc., showed long-term debt of $5.6 million, and...

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The 2018 balance sheet of Speith's Golf Shop Inc., showedlong-term debt of $5.6 million, and the 2019 balance sheet showedlong-term debt of $5.85 million. The 2019 income statement showedand interest expense of $185,000. The 2018 balance sheet showed$550,000 in the common stock account and $4.7 million in theadditional paid-in surplus account. The 2019 balance sheet showed$590,000 and $5.1 million in the same two accounts, respectively.The company paid out $550,000 in cash dividends during 2019.Suppose that you also know that the firm's net capital spending for2019 was $1,140,000, and that the firm reduced its networkingcapital investment by $77,000.
What was the firm's 2019 operating cash flow, or OFC?
PLEASE SHOW WORK, THANK YOU!

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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 185000 5850000 5600000 See Answer

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The 2018 balance sheet of Speith's Golf Shop Inc., showedlong-term debt of $5.6 million, and the 2019 balance sheet showedlong-term debt of $5.85 million. The 2019 income statement showedand interest expense of $185,000. The 2018 balance sheet showed$550,000 in the common stock account and $4.7 million in theadditional paid-in surplus account. The 2019 balance sheet showed$590,000 and $5.1 million in the same two accounts, respectively.The company paid out $550,000 in cash dividends during 2019.Suppose that you also know that the firm's net capital spending for2019 was $1,140,000, and that the firm reduced its networkingcapital investment by $77,000.What was the firm's 2019 operating cash flow, or OFC?PLEASE SHOW WORK, THANK YOU!