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Problem 2-10 Calculating Total Cash Flows (L04] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2018
Problem 2-10 Calculating Total Cash Flows (L04] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2018 balance sheet showed long-term debt of $3.4 million. The 2018 income statement showed an interest expense of $155,000. During 2018, the company had a cash flow to creditors of $55,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm's net capital spending for 2018 was $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow
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