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The 2017 balance sheet of Kerbers Tennis Shop, Incorporated, showed $2.9 million in long-term debt, $720,000 in the common stock account, and $6.25 million in

The 2017 balance sheet of Kerbers Tennis Shop, Incorporated, showed $2.9 million in long-term debt, $720,000 in the common stock account, and $6.25 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.75 million, $925,000, and $8.35 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $210,000. The company paid out $530,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $820,000, and the firm reduced its net working capital investment by $195,000, what was the firm's 2018 operating cash flow, or OCF?

  • $-2,850,000

  • $2,805,000

  • $-4,100,000

  • $-1,790,000

  • $-2,415,000

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