The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.45 million in ong-term debt, $720,000 in the com

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The 2017 Balance Sheet Of Kerber S Tennis Shop Incorporated Showed 2 45 Million In Ong Term Debt 720 000 In The Com 1 (45.41 KiB) Viewed 27 times

The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.45 million in ong-term debt, $720,000 in the common stock account, and $6.35 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.4 million, $885,000, and $8.2 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $340,000. The company paid out $660,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $820,000, and the firm reduced its net working capital investment by $195,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice O O O $-1,965,000 $2,355,000 $-1,340,000 $-3,910,000 $-2,660,000