The December 31, 2018, balance sheet of Trelan, Inc., showed long-term debt of $1,405,000, $141,000...
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The December 31, 2018, balance sheet of Trelan, Inc., showed long-term debt of $1,405,000, $141,000 in the common stock account, and $2,660,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,590,000, $151,000 in the common stock account and $2,960,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $94,500 and the company paid out $146,000 in cash dividends during 2019. The firms net capital spending for 2019 was $970,000, and the firm reduced its net working capital investment by $126,000. What was the firm's 2019 operating cash flow, or OCF?
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