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The december 31 2013 balance sheet of schism inc showed

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The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,465,000, $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,710,000, $163,000 in the common stock account and $3,080,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $100,500 and the company paid out $158,000 in cash dividends during 2014. The firm's net capital spending for 2014 was $1,090,000, and the firm reduced its net working capital investment by $138,000. (Enter your answer as directed, but do not round intermediate calculations.) What is the firm's operating cash flow during 2014?

Reference no: EM13586248

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