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The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.430 million, $146,000 in the common stock account and $2.71 million in
The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.430 million, $146,000 in the common stock account and $2.71 million in the additional paid-in surplus account. The December 31, 2010, balance sheet showed long-term debt of $1.64 million, $156,000 in the common stock account and $3.01 million in the additional paid-in surplus account. The 2010 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2010. The firms net capital spending for 2010 was $1,020,000, and the firm reduced its net working capital investment by $131,000. What was the firms operating cash flow during 2010?
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