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The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,465,000, $153,000 in the common stock account, and $2,780,000 in the additional
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,465,000, $153,000 in the common stock account, and $2,780,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,710,000, $163,000 in the common stock account and $3,080,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $100,500 and the company paid out $158,000 in cash dividends during 2022. The firms net capital spending for 2022 was $1,090,000, and the firm reduced its net working capital investment by $138,000. What was the firm's 2022 operating cash flow, or OCF
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