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please answer hoth larte of this question. i posted once already and the answer was incorrect. During 2018, Raines Umbrella Corp. had sales of $730,000.

please answer hoth larte of this question. i posted once already and the answer was incorrect. image text in transcribed
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During 2018, Raines Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $574,000, $88,000, and $132,000, respectively. In addition, the company had an interest expense of $100,000 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions.) Assume Raines Umbrella Corp. paid out $20,000 in cash dividends. If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the firm's net new long-term debt? Multiple Choice O $68,450 $52,000 $0 Multiple Choice 12 $68,450 kipped O $52,000 $0 O $22,500 $88,000 The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $2.9 million in long-term debt, $770,000 in the common stock account, and $6.2 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.55 million, $925,000, and $8.65 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $260,000. The company paid out $690,000 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 $205,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice 0 $-3,120,000 $-4,250,000 $2.715,000 Multiple Choice O O $-3,120,000 $-4,250,000 $2,715,000 O O $-2,305,000 $-1,740,000

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