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

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The 2018 balance sheetof Speith’s Golf Shop, Inc., showed long-term debt of $5.6 million,and the 2019 balance sheet showed long-term debt of $5.85 million.The 2019 income statement showed an interest expense of $185,000.The 2018 balance sheet showed $550,000 in the common stock accountand $4.7 million in the additional paid-in surplus account. The2019 balance sheet showed $590,000 and $5.1 million in the same twoaccounts, respectively. The company paid out $555,000 in cashdividends during 2019. Suppose you also know that the firm’s netcapital spending for 2019 was $1,410,000, and that the firm reducedits net working capital investment by $77,000.
What was thefirm’s 2019 operating cash flow, or OCF? (Do not roundintermediate calculations. Enter your answer in dollars, notmillions of dollars, e.g., 1,234,567.)

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The 2018 balance sheetof Speith’s Golf Shop, Inc., showed long-term debt of $5.6 million,and the 2019 balance sheet showed long-term debt of $5.85 million.The 2019 income statement showed an interest expense of $185,000.The 2018 balance sheet showed $550,000 in the common stock accountand $4.7 million in the additional paid-in surplus account. The2019 balance sheet showed $590,000 and $5.1 million in the same twoaccounts, respectively. The company paid out $555,000 in cashdividends during 2019. Suppose you also know that the firm’s netcapital spending for 2019 was $1,410,000, and that the firm reducedits net working capital investment by $77,000.What was thefirm’s 2019 operating cash flow, or OCF? (Do not roundintermediate calculations. Enter your answer in dollars, notmillions of dollars, e.g., 1,234,567.)