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pls show how to solve The 2020 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $3.3 million, and the 2021 balance sheet
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The 2020 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $3.3 million, and the 2021 balance sheet showed long-term debt of $3.55 million. The 2021 income statement showed an interest expense of $155,000. The 2020 balance sheet showed $490,000 in the common stock account and $2.2 million in the additional paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during 2021. Suppose you also know that the firm's net capital spending for 2021 was $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) See Example 1 in the Study Guide 1,350,000 (with margin: 135 ) Step by Step Solution
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