The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,385,000, $137,000 in the common stock

[answerhappygod]

The December 31 2018 Balance Sheet Of Whelan Inc Showed Long Term Debt Of 1 385 000 137 000 In The Common Stock 1 (48.44 KiB) Viewed 63 times

The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,385,000, $137,000 in the common stock account, and $2,620,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,550,000, $147,000 in the common stock account and $2,920,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $92,500 and the company paid out $142,000 in cash dividends during 2019. The firm's net capital spending for 2019 was $930,000, and the firm reduced its net working capital investment by $122,000. What was the firm's 2019 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g... 1,234,567.) Operating cash flow