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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

Problem 2-10 Calculating Cash Flows
The 2020 balance sheet of Osakas Tennis Shop, Incorporated, showed long-term debt of $2.9 million, and the 2021 balance sheet showed long-term debt of $3.15 million. The 2021 income statement showed an interest expense of $145,000. The 2020 balance sheet showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account. The 2021 balance sheet showed $510,000 and $4.8 million in the same two accounts, respectively. The company paid out $510,000 in cash dividends during 2021. Suppose you also know that the firms net capital spending for 2021 was $1,330,000, and that the firm reduced its net working capital investment by $61,000.
What was the firms 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.)

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