8. Cash flow to creditors= Interest Paid- Net new borrowing

= Interest paid (Ending long term debt- beginning long term debt)

= $235,000-($2,280,000-$1,195,000)

=$235,000-330,000

= -$95,000

9. Cash flow to stockholders = Dividend paid- (Ending common stock- Beginning common stock) (Ending paid-in surplus- Beginning paid-in surplus)

= $565000- (825000-670000) (4400000-4100000)

=$565000-155000-300000

=$110000

Given the information for Sugarpovas Tennis Shop, Inc., in Problems 8 and 9, suppose you also know that the firms net capital spending for 2015 was $1250,000 and that the firm reduced its net working capital investment by $45,000. What was the firms 2015 operating cash flow, or OCF?