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Problem 2 - 1 0 Calculating Cash Flows The 2 0 2 0 balance sheet of Osaka's Tennis Shop, Incorporated, showed long - term debt

Problem 2-10 Calculating Cash Flows
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt
of $6.3 million, and the 2021 balance sheet showed long-term debt of $6.55 million. The
2021 income statement showed an interest expense of $220,000. The 2020 balance
sheet showed $620,000 in the common stock account and $3.6 million in the additional
paid-in surplus account. The 2021 balance sheet showed $660,000 and $4.1 million in
the same two accounts, respectively. The company paid out $615,000 in cash dividends
during 2021. Suppose you also know that the firm's net capital spending for 2021 was
$1,480,000, and that the firm reduced its net working capital investment by $91,000.
What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate
calculations and enter your answer in dollars, not millions of dollars, e.g.,1,234,567.)
Operating cash flow
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