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Determining the firm 2019 operating cash flow

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The 2018 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $2.5 million, and the 2019 balance sheet showed long-term debt of $2.75 million. The 2019 income statement showed an interest expense of $100,000. The 2018 balance sheet showed $450,000 in the common stock account and $2.1 million in the additional paid-in surplus account. The 2019 balance sheet showed $490,000 and $2.4 million in the same two accounts, respectively. The company paid out $550,000 in cash dividends during 2019. Suppose you also know that the firm's net capital spending for 2019 was $1,310,000, and that the firm reduced its net working capital investment by $57,000.

What was the firm's 2019 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Reference no: EM133068767

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