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The 2020 balance sheet of Osakas Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66

The 2020 balance sheet of Osakas Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. The balance sheet also showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2021. You also know that the firms net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firms 2021 operating cash flow, or OCF?

Dec. 31, 2020 Long-term debt $2,250,000
Dec. 31, 2021 Long-term debt $2,660,000
Interest expense $305,000
Dec. 31, 2020 Common stock $780,000
Dec. 31, 2020 Additional paid-in surplus $4,780,000
Dec. 31, 2021 Common stock $965,000
Dec. 31, 2021 Additional paid-in surplus $5,040,000
Cash dividends $654,000
2021 Net capital spending $1,500,000
Change in net working capital ($55,000)
Cash flow to creditors
Beginning equity
Ending equity
Cash flow to stockholders
Cash flow from assets
Operating cash flow

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