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Tony's Shoes repaid $1,320 in loan principal and $1,750 in loan interest during the year. No new funds were borrowed. The firm owes $8,680 in
Tony's Shoes repaid $1,320 in loan principal and $1,750 in loan interest during the year. No new funds were borrowed. The firm owes $8,680 in taxes for the year, and has earnings before interest and taxes of $28,900. The depreciation expense for the year is $1,230. What is the operating cash flow for the year? $21,470 $21,450 $20,460 $19,700 O $18,380
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