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Chapter 2 - Financial Accounting 12 The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance

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Chapter 2 - Financial Accounting 12 The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. During 2018, Kerber's Tennis Shop, Inc., realized the following: 8.37 points Cash flow to creditors Cash flow to stockholders -$ 85,000 $170,000 eBook Print References Suppose you also know that the firm's net capital spending for 2018 was $1,250,000, and that the firm reduced its net working capital investment by $45,000. What was the firm's 2018 operating cash flow, or OCF? Hint use the cash flow identity to solve for OCF. If you don't know what that is, review the text and lectures. (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.) Operating cash flow

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