The 2020 balance sheet of Osakas Tennis Shop, Incorporated, showed long-term debt of $5.6 million,...
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| The 2020 balance sheet of Osakas Tennis Shop, Incorporated, showed long-term debt of $5.6 million, and the 2021 balance sheet showed long-term debt of $5.85 million. The 2021 income statement showed an interest expense of $185,000. The 2020 balance sheet showed $550,000 in the common stock account and $4.7 million in the additional paid-in surplus account. The 2021 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. The company paid out $555,000 in cash dividends during 2021. Suppose you also know that the firms net capital spending for 2021 was $1,410,000, and that the firm reduced its net working capital investment by $77,000. |
| What was the firms 2021 operating cash flow, or OCF? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
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