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The 2017 balance sheet of Kerber's Tennis ShopIncorporated, showed $2.25 million in long-term debt $710,000 in the common stock account, and $5.95 million in the
The 2017 balance sheet of Kerber's Tennis ShopIncorporated, showed $2.25 million in long-term debt $710,000 in the common stock account, and $5.95 million in the additional paid-in surplus accountThe 2018 balance sheet showed $3.6 million $965,000, and $7.7 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $210,000 The company paid out $540,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $690,000, and the firm reduced its net working capital investment by $125,000, what was the firm's 2018 operating cash flow, or OCF?
A. $ -2,040,000
B. $-2,605,000
C. $-4250000
D. $-31,20,000
E. 2,855,000
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