The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,455,000, $151,000 in...
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The December 31, 2018, balance sheet of Whelan, Inc., showedlong-term debt of $1,455,000, $151,000 in the common stock account,and $2,760,000 in the additional paid-in surplus account. TheDecember 31, 2019, balance sheet showed long-term debt of$1,690,000, $161,000 in the common stock account and $3,060,000 inthe additional paid-in surplus account. The 2019 income statementshowed an interest expense of $99,500 and the company paid out$156,000 in cash dividends during 2019. The firm’s net capitalspending for 2019 was $1,070,000, and the firm reduced its networking capital investment by $136,000.
What was the firm's 2019 operating cash flow, or OCF? (Anegative answer should be indicated by a minus sign. Do not roundintermediate calculations and enter your answer in dollars, notmillions of dollars, rounded to the nearest whole number, e.g.,1,234,567.)
The December 31, 2018, balance sheet of Whelan, Inc., showedlong-term debt of $1,455,000, $151,000 in the common stock account,and $2,760,000 in the additional paid-in surplus account. TheDecember 31, 2019, balance sheet showed long-term debt of$1,690,000, $161,000 in the common stock account and $3,060,000 inthe additional paid-in surplus account. The 2019 income statementshowed an interest expense of $99,500 and the company paid out$156,000 in cash dividends during 2019. The firm’s net capitalspending for 2019 was $1,070,000, and the firm reduced its networking capital investment by $136,000.
What was the firm's 2019 operating cash flow, or OCF? (Anegative answer should be indicated by a minus sign. Do not roundintermediate calculations and enter your answer in dollars, notmillions of dollars, rounded to the nearest whole number, e.g.,1,234,567.)
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