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9 . Cash Flow to Stockholders The 2 0 2 0 balance sheet of Osaka s Tennis Shop, Inc., showed $ 7 8 0 ,

9.Cash Flow to Stockholders The 2020 balance sheet of Osakas Tennis Shop, Inc., showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. If the company paid out $654,000 in cash dividends during 2021, what was the cash flow to stockholders for the year?
10.Calculating Cash Flows Given the information for Osakas Tennis Shop, Inc., in Problems 9 and 10, suppose you also know that the firms net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firms 2021 operating cash flow, or OCF?9

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