CHAPTER 2- FINANCIAL STATEMENTS, TAXES AND CASH FLOW 1. Academy paid $12,500 in dividends and $9,310 in interest over the past year. Sales totaled $361,820 with costs of $267,940. The depreciation expense was $16,500 and the tax rate was35 percent. What was the amount of the operating cash flow? A. $64,232 B. $65,306 C. $57,556 D. $70,056 E. $70,568