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Problem 2-11 Calculating Total Cash Flows [LO4] The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $3.1 million, and the 2021balance

Problem 2-11 Calculating Total Cash Flows [LO4]

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $3.1 million, and the 2021balance sheet showed long-term debt of $3.2 million. The 2021income statement showed an interest expense of $150,000. During 2021, the company had a cash flow to creditors of $50,000 and the cash flow to stockholders for the year was $90,000. Suppose you also know that the firms net capital spending for 2021was $1.34 million and that the firm reduced its net working capital investment by $63,000.What was the firms 2021operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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