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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $2.9 million in long-term debt, $770,000 in the common stock account, and $6.2 million in

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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $2.9 million in long-term debt, $770,000 in the common stock account, and $6.2 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.55 million, $925,000, and $8.65 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $260,000. The company paid out $690,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $770,000, and the firm reduced its net working capital investment by $205,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice O $-3,120,000 $-4,250,000 $2.715,000 Multiple Choice O $-3,120,000 O $-4,250,000 O $2,715,000 O $-2,305,000 O $-1,740,000 Logano Driving School's 2017 balance sheet showed net fixed assets of $4.5 million, and the 2018 balance sheet showed net fixed assets of $5.7 million. The company's 2018 income statement showed a depreciation expense of $825,000. What was net capital spending for 2018? Multiple Choice $375,000 $2,025,000 $-375,000 $1,200,000 $375,000 O $2,025,000 O $-375,000 O $1,200,000 O O $-1,200,000

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