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the December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,455,000, $151,000 in the common stock account, and $2,760,000 in the additional
the December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,455,000, $151,000 in the common stock account, and $2,760,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,690,000, $161,000 in the common stock account and $3,060,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $99,500 and the company paid out $156,000 in cash dividends during 2022. The firms net capital spending for 2022 was $1,070,000, and the firm reduced its net working capital investment by $136,000. What was the firm's 2022 operating cash flow, or OCF
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