The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,375,000, $135,000 in...

The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,375,000, $135,000 in the common stock account, and $2,600,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,530,000, $145,000 in the common stock account and $2,900,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $91,500 and the company paid out $140,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $910,000, and the firm reduced its net working capital investment by $120,000.

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

Expert Solution

Calculate the operating cash flow as follows:

Formulas:

jeff jeffy answered 5 months ago

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