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P2-12 Calculating Total Cash Flows (L04] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $2.95 million in long-term debt, $760,000 in the common
P2-12 Calculating Total Cash Flows (L04] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $2.95 million in long-term debt, $760,000 in the common stock account, and $6.2 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.4 million, $955,000, and $8.3 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $250,000. The company paid out $670,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $770,000, and the firm reduced its net working capital investment by $135,000, what was the firm's 2018 operating cash flow, or OCF
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