Reference no: EM131021242
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,430,000, $146,000 in the common stock account and $2,710,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account and $3,010,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2014. The firm's net capital spending for 2014 was $1,020,000, and the firm reduced its net working capital investment by $131,000. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
What was the firm's operating cash flow during 2014?
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