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18 The December 31, 2018, balance sheet of Whalen, Inc., showed long-term debt of $1,350,000, $120,000 in the common stock account and $2,289,000 in the

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18 The December 31, 2018, balance sheet of Whalen, Inc., showed long-term debt of $1,350,000, $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,470,000, $137000 in the common stock account and $2,568,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $97,500 and the company paid out $149,500 in cash dividends during 2019. The firm's net capltal spending for 2019 was $745,000 and the firm reduced its net working capital investment by $94,300. 10 points eBook What was the firm's 2019 operating cash flow, or OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Print References Operating cash flow Me Grawe Hil $ 1,100 S 1.600 In this example, shareholders' equity is actually worth almost twice as much as what is shown ora distinction between book and market values is important precisely because book values can be w 0 # & 2 3 4 6 7 9 W E R Y

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