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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $3.05 million in long-term debt, $790,000 in the common stock account, and $6.1 million in

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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $3.05 million in long-term debt, $790,000 in the common stock account, and $6.1 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.1 million, $895,000, and $7.95 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $180,000. The company paid out $660,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $750,000, and the firm reduced its net working capital investment by $155,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice $-1.570,000 5-4.080.000 $1,570,000 5-4.080,000 $2,475,000 5-2890.000 $-2 165,000

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