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Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the

Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the following

As of December 31, 2020

As of December 31, 2021

Long Term Debt

1,600,000

1,750,000

Common Stock

855,000

915,000

Accumulated Retained Earnings

5,200,000

5,500,000

Interest Paid in 2021

160,000

Dividends Paid in 2021

465,000

Net Capital Spending in 2021

1,450,000

Reduction in Net Working Capital in 2021

55,000

What was the operating cash flow for the year 2021, assuming the cash flow from assets was 450,000?

a. 1,964,000

b.1,750,000

c. 1,845,000

d. 1,456,000

e. 1,695,000

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