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The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1.38 million, $130,000 In the common stock account, and $2.34 million In
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1.38 million, $130,000 In the common stock account, and \$2.34 million In the additional pald-In surplus account. The December 31, 2022, balance sheet showed long-term debt of $1.52 million, $147,000 in the common stock account, and $2.65 million in the additional pald-In surplus account. The 2022 Income statement showed an Interest expense of $104,500 and the company pald out $168,500 In cash dividends durlng 2022 . The firm's net capital spending for 2022 was $750,000 and the firm reduced Its net working capital Investment by $94,300. What was the firm's 2022 operating cash flow, or OCF? Note: Do not round Intermedlate calculations and enter your answer In dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567
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