What was the firms operating cash flow during 2014

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Reference no: EM131220497

The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, $120,000 in the common stock account and $2,120,000 in the additional paid-in surplus account.

The December 31, 2014, balance sheet showed long-term debt of $1,410,000, $135,000 in the common stock account and $2,380,000 in the additional paid-in surplus account.

The 2014 income statement showed an interest expense of $93,400 and the company paid out $135,000 in cash dividends during 2014.

The firm's net capital spending for 2014 was $640,000, and the firm reduced its net working capital investment by $105,000. (Enter your answer as directed, but do not round intermediate calculations.)

Required:
What was the firm's operating cash flow during 2014?

Reference no: EM131220497

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