Reference no: EM132068555
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,425,000, $145,000 in the common stock account, and $2,700,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,630,000, $155,000 in the common stock account, and $3,000,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $96,500 and the company paid out $150,000 in cash dividends during 2016. The firm’s net capital spending for 2016 was $1,010,000, and the firm reduced its net working capital investment by $130,000.
What was the firm's 2016 operating cash flow, or OCF?