Question $10$

The $2022$ balance sheet of Fast Auto Manufacturers, showed $$1\mathrm{.}4$ million in long$-$term debt, $$470,000$ in

the common stock account, and $$4\mathrm{.}15$ million in the additional paid$-$in surplus account. The $2023$

balance sheet showed $$3\mathrm{.}15$ million, $$755,000,$ and $$6\mathrm{.}2$ million in the same three accounts, respectively.

The $2023$ income statement showed an interest expense of $$280,000.$ The company paid out $$500,000$ in

cash dividends during $2023.$

If the firm's net capital spending for $2023$ was $$330,000,$ and the firm reduced its net working capital

investment by $$265,000,$ what was the firm's $2023$ operating cash flow, or OCF?

$$-3,240,000$

$$-4,130,000$

$$5,155,000$

$$4,530,000$

$$-3,400,000$