1). The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.8 million, and the 2018 balance sheet showed long-term debt of $4.05 million. The 2018 income statement showed an interest expense of $240,000. What was the firm's cash flow to creditors during 2018?

A. $1,250,240

B. $-1,010,000

C. $-238,750

D. $1,250,000

E. $-241,250

2). The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $900,000 in the common stock account and $6.9 million in the additional paid-in surplus account. The 2018 balance sheet showed $795,000 and $8.65 million in the same two accounts, respectively. If the company paid out $690,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?

A. $8,755,000

B. $955,000

C. $210,000

D. $-955,000

E. $105,000

3). The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $2.6 million in long-term debt, $740,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.35 million, $905,000, and $8.35 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $240,000. The company paid out $530,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $720,000, and the firm reduced its net working capital investment by $155,000, what was the firm's 2018 operating cash flow, or OCF?

A. $-4,070,000

B. $-2,940,000

C. $-2,445,000

D. $-1,880,000

E. $2,755,000